Bristol John W & Co. Inc. NY Has $137.96 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Bristol John W & Co. Inc. NY trimmed its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 499,744 shares of the software maker's stock after selling 24,978 shares during the period. Workday accounts for about 2.5% of Bristol John W & Co. Inc. NY's investment portfolio, making the stock its 11th largest position. Bristol John W & Co. Inc. NY owned approximately 0.19% of Workday worth $137,959,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. increased its position in Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker's stock worth $18,517,000 after buying an additional 3,260 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Workday by 0.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 551,137 shares of the software maker's stock worth $152,147,000 after purchasing an additional 1,627 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Workday during the 4th quarter worth approximately $765,000. Louisiana State Employees Retirement System acquired a new stake in shares of Workday during the 4th quarter worth approximately $4,583,000. Finally, Simplicity Solutions LLC grew its holdings in shares of Workday by 3.0% during the 4th quarter. Simplicity Solutions LLC now owns 3,255 shares of the software maker's stock worth $899,000 after purchasing an additional 96 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Workday

In related news, insider Douglas A. Robinson sold 3,121 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the sale, the insider now owns 165,932 shares of the company's stock, valued at approximately $48,749,162.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the transaction, the insider now directly owns 165,932 shares of the company's stock, valued at approximately $48,749,162.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $27,633,065.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 379,691 shares of company stock valued at $102,897,729. 21.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WDAY. Barclays decreased their price objective on Workday from $326.00 to $316.00 and set an "overweight" rating on the stock in a report on Tuesday, February 27th. Evercore ISI boosted their price objective on Workday from $310.00 to $350.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. BMO Capital Markets boosted their price objective on Workday from $290.00 to $338.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 13th. Morgan Stanley reduced their price objective on Workday from $335.00 to $330.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their price objective on Workday from $250.00 to $290.00 and gave the stock a "hold" rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $293.61.

Workday Stock Down 1.8 %

Shares of WDAY stock traded down $4.78 on Friday, hitting $263.69. 1,251,168 shares of the stock were exchanged, compared to its average volume of 1,451,418. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $69.61 billion, a P/E ratio of 51.20, a price-to-earnings-growth ratio of 6.59 and a beta of 1.32. The business has a 50-day moving average of $282.11 and a 200 day moving average of $261.42. Workday, Inc. has a fifty-two week low of $174.25 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (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 analysts' expectations of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business's revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted ($0.14) earnings per share. Equities analysts anticipate that Workday, Inc. will post 1.76 EPS for the current 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.