National Bank of Canada FI Acquires 94,970 Shares of Workday, Inc. (NASDAQ:WDAY)

National Bank of Canada FI grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 45.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 305,610 shares of the software maker's stock after buying an additional 94,970 shares during the quarter. National Bank of Canada FI owned 0.12% of Workday worth $82,005,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. ORG Partners LLC increased its stake in shares of Workday by 1.2% in the 4th quarter. ORG Partners LLC now owns 2,856 shares of the software maker's stock worth $788,000 after acquiring an additional 34 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in Workday by 8.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker's stock valued at $133,000 after buying an additional 36 shares in the last quarter. Meitav Investment House Ltd. lifted its stake in Workday by 2.6% during the fourth quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker's stock worth $387,000 after purchasing an additional 36 shares during the last quarter. Cigna Investments Inc. New increased its position in shares of Workday by 1.7% during the fourth 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. Finally, Waldron Private Wealth LLC grew its position in shares of Workday by 0.9% during the fourth quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker's stock worth $1,294,000 after acquiring an additional 40 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Up 2.0 %

Shares of Workday stock traded up $4.93 during trading on Friday, hitting $255.78. The stock had a trading volume of 3,072,637 shares, compared to its average volume of 1,740,171. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $67.53 billion, a PE ratio of 49.67, a P/E/G ratio of 6.39 and a beta of 1.33. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The stock has a 50 day simple moving average of $268.07 and a 200 day simple moving average of $265.53.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore ISI lifted their target price on Workday from $310.00 to $350.00 and gave the company an "outperform" rating in a research note on Tuesday, February 20th. KeyCorp raised their price objective on shares of Workday from $310.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. StockNews.com cut Workday from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 8th. Mizuho increased their target price on Workday from $290.00 to $325.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. lifted their price target on Workday from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $293.61.

Insiders Place Their Bets

In related news, insider Douglas A. Robinson sold 411 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the sale, the insider now directly owns 165,521 shares in the company, valued at $44,177,554.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Douglas A. Robinson sold 3,121 shares of the business's stock in a transaction that occurred 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 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 document filed with the SEC, which is available at this link. Also, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares of the company's stock, valued at $44,177,554.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by company insiders.

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.