Ownership Capital B.V. Reduces Holdings in Workday, Inc. (NASDAQ:WDAY)

Ownership Capital B.V. trimmed its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,263,781 shares of the software maker's stock after selling 181,694 shares during the quarter. Workday makes up 7.8% of Ownership Capital B.V.'s portfolio, making the stock its 3rd biggest position. Ownership Capital B.V. owned 0.48% of Workday worth $348,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its position in shares of Workday by 68.5% during the third quarter. Global Retirement Partners LLC now owns 332 shares of the software maker's stock worth $70,000 after purchasing an additional 135 shares in the last quarter. Caprock Group LLC lifted its holdings in Workday by 136.5% during the third quarter. Caprock Group LLC now owns 2,330 shares of the software maker's stock worth $501,000 after acquiring an additional 1,345 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Workday by 3.7% in the third quarter. Asset Management One Co. Ltd. now owns 84,057 shares of the software maker's stock valued at $18,060,000 after acquiring an additional 2,975 shares during the period. Evanson Asset Management LLC grew its stake in Workday by 32.0% in the third quarter. Evanson Asset Management LLC now owns 2,063 shares of the software maker's stock valued at $443,000 after acquiring an additional 500 shares during the period. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of Workday in the third quarter worth about $838,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of Workday stock traded down $3.02 during trading on Friday, hitting $251.04. 2,549,113 shares of the stock were exchanged, compared to its average volume of 1,310,809. The stock has a market capitalization of $66.27 billion, a price-to-earnings ratio of 48.75, a price-to-earnings-growth ratio of 6.35 and a beta of 1.32. The company has a fifty day moving average price of $273.49 and a 200-day moving average price of $264.07. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

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 for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. Workday's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) EPS. As a group, equities analysts predict that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WDAY shares. Needham & Company LLC boosted their price objective on Workday from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. UBS Group dropped their price objective on shares of Workday from $315.00 to $300.00 and set a "neutral" rating on the stock in a report on Tuesday, February 27th. Citigroup raised their price objective on shares of Workday from $270.00 to $293.00 and gave the stock a "neutral" rating in a report on Tuesday, February 27th. StockNews.com lowered shares of Workday from a "strong-buy" rating to a "buy" rating in a report on Monday, April 8th. Finally, DA Davidson restated a "neutral" rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $293.61.

Insider Buying and Selling

In related news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now owns 165,932 shares of the company's stock, valued at approximately $48,749,162.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Workday news, insider Douglas A. Robinson sold 411 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares of the company's stock, valued at approximately $44,177,554.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now directly 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. In the last 90 days, insiders sold 435,691 shares of company stock valued at $117,731,569. Company insiders own 21.09% of the company's stock.

Workday Company 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.