Machina Capital S.A.S. Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

Machina Capital S.A.S. bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,921 shares of the software maker's stock, valued at approximately $1,082,000.

Other large investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in Workday by 1.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,382 shares of the software maker's stock valued at $3,949,000 after buying an additional 224 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Workday by 11.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,874 shares of the software maker's stock worth $2,121,000 after purchasing an additional 1,018 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Workday by 5.1% in the third quarter. Stratos Wealth Partners LTD. now owns 1,292 shares of the software maker's stock valued at $278,000 after purchasing an additional 63 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Workday by 1.2% during the third quarter. Forsta AP Fonden now owns 42,900 shares of the software maker's stock valued at $9,217,000 after purchasing an additional 500 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Workday during the third quarter worth about $139,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on WDAY shares. StockNews.com lowered shares of Workday from a "strong-buy" rating to a "buy" rating in a report on Monday, April 8th. KeyCorp increased their price objective on Workday from $310.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Mizuho lifted their target price on Workday from $290.00 to $325.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $330.00 price objective on shares of Workday in a research note on Monday, February 26th. Finally, DA Davidson reissued a "neutral" rating and set a $300.00 target price on shares of Workday in a research report on Tuesday, February 27th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $293.61.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $27,633,065.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares in the company, valued at $223,302,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 65,221 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction 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. Over the last 90 days, insiders sold 435,691 shares of company stock worth $117,731,569. Insiders own 21.09% of the company's stock.

Workday Stock Down 0.2 %

NASDAQ:WDAY traded down $0.48 during trading hours on Tuesday, hitting $249.43. 1,647,172 shares of the company traded hands, compared to its average volume of 1,839,280. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. 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 cap of $65.85 billion, a PE ratio of 48.43, a PEG ratio of 6.39 and a beta of 1.33. The firm's 50-day simple moving average is $266.02 and its 200-day simple moving average is $266.06.

Workday (NASDAQ:WDAY - Get Free Report) last posted 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 business had revenue of $1.92 billion for 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 quarter in the previous year, the firm earned ($0.14) earnings per share. Equities analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

About Workday

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.