Numerai GP LLC Acquires New Stake in Workday, Inc. (NASDAQ:WDAY)

Numerai GP 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 13F filing with the SEC. The fund acquired 4,175 shares of the software maker's stock, valued at approximately $1,077,000.

A number of other large investors also recently bought and sold shares of the business. OMERS ADMINISTRATION Corp boosted its holdings in Workday by 20.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,815 shares of the software maker's stock valued at $2,275,000 after acquiring an additional 1,522 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Workday during the 4th quarter valued at $5,393,000. Old Well Partners LLC purchased a new position in Workday during the 4th quarter valued at $1,806,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Workday by 14.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 319,499 shares of the software maker's stock valued at $82,513,000 after acquiring an additional 40,423 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Workday by 49.4% during the 4th quarter. Lazard Asset Management LLC now owns 53,212 shares of the software maker's stock valued at $13,730,000 after acquiring an additional 17,584 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Trading Up 1.3%

Workday stock opened at $270.02 on Wednesday. The stock has a 50-day moving average of $238.96 and a two-hundred day moving average of $252.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The stock has a market cap of $71.83 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. BNP Paribas raised Workday to a "strong-buy" rating in a research report on Friday, February 14th. JMP Securities reissued a "market outperform" rating and set a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Morgan Stanley dropped their price target on Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup dropped their price target on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $293.62.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at approximately $7,789,921.75. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the transaction, the chief executive officer now owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This represents a 22.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock worth $77,976,126 over the last three months. 19.31% of the stock is currently owned by 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.

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