Sapient Capital LLC Buys New Shares in Workday, Inc. (NASDAQ:WDAY)

Sapient Capital LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,858 shares of the software maker's stock, valued at approximately $11,279,000.

Several other large investors have also modified their holdings of WDAY. Washington Trust Advisors Inc. increased its stake in Workday by 8.1% during the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker's stock worth $133,000 after acquiring an additional 36 shares during the last quarter. Cigna Investments Inc. New increased its position in Workday by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker's stock worth $598,000 after purchasing an additional 37 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Workday by 6.3% in the second quarter. Sunbelt Securities Inc. now owns 742 shares of the software maker's stock valued at $168,000 after buying an additional 44 shares during the period. Front Row Advisors LLC increased its position in shares of Workday by 21.6% in the second quarter. Front Row Advisors LLC now owns 259 shares of the software maker's stock worth $59,000 after acquiring an additional 46 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Workday by 4.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 1,029 shares of the software maker's stock worth $221,000 after acquiring an additional 48 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director George J. Still, Jr. sold 5,000 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the completion of the transaction, the director now owns 105,000 shares of the company's stock, valued at $28,404,600. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director George J. Still, Jr. sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total value of $1,352,600.00. Following the completion of the transaction, the director now directly owns 105,000 shares of the company's stock, valued at approximately $28,404,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas A. Robinson sold 3,121 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the transaction, the insider now owns 165,932 shares of the company's stock, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Insiders sold a total of 442,422 shares of company stock worth $120,553,369 in the last three months. 21.09% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on WDAY. StockNews.com lowered Workday from a "strong-buy" rating to a "buy" rating in a research report on Monday. UBS Group decreased their target price on shares of Workday from $315.00 to $300.00 and set a "neutral" rating for the company in a research note on Tuesday, February 27th. TheStreet raised shares of Workday from a "c" rating to a "b-" rating in a report on Monday, February 26th. BMO Capital Markets boosted their price objective on shares of Workday from $290.00 to $338.00 and gave the stock an "outperform" rating in a report on Tuesday, February 13th. Finally, Wells Fargo & Company upped their price objective on shares of Workday from $300.00 to $350.00 and gave the company an "overweight" rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $293.61.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $1.61 during midday trading on Thursday, hitting $268.47. The company's stock had a trading volume of 1,103,442 shares, compared to its average volume of 1,804,838. The firm has a market cap of $70.88 billion, a P/E ratio of 52.10, a P/E/G ratio of 6.71 and a beta of 1.32. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28. The firm's fifty day moving average price is $283.24 and its 200-day moving average price is $260.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. Workday's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. On average, sell-side analysts forecast that Workday, Inc. will post 1.76 EPS for the current fiscal year.

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.