Two Sigma Investments LP Has $10.83 Million Position in Workday, Inc. (NASDAQ:WDAY)

Two Sigma Investments LP trimmed its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 94.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,954 shares of the software maker's stock after selling 682,381 shares during the period. Two Sigma Investments LP's holdings in Workday were worth $10,825,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Simplicity Wealth LLC boosted its stake in Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after acquiring an additional 37 shares during the period. Custom Index Systems LLC grew its stake in Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after buying an additional 41 shares during the last quarter. AllSquare Wealth Management LLC lifted its stake in Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after buying an additional 41 shares during the last quarter. CreativeOne Wealth LLC grew its position in shares of Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after acquiring an additional 43 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its holdings in shares of Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after acquiring an additional 46 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Up 0.5%

Shares of WDAY traded up $1.29 during midday trading on Tuesday, hitting $239.30. The stock had a trading volume of 4,737,826 shares, compared to its average volume of 2,551,888. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $63.65 billion, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The business has a 50-day simple moving average of $242.28 and a two-hundred day simple moving average of $254.06.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 EPS. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on WDAY. Loop Capital decreased their target price on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research report on Friday. BNP Paribas raised Workday to a "strong-buy" rating in a report on Friday, February 14th. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research note on Friday. UBS Group boosted their price target on Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "buy" rating and set a $300.00 price target on shares of Workday in a report on Wednesday, May 21st. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Workday has an average rating of "Moderate Buy" and an average price target of $293.54.

Insider Buying and Selling

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total value of $733,156.25. Following the transaction, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This trade represents a 22.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 321,724 shares of company stock worth $77,976,126. Corporate insiders own 19.31% of the company's stock.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.