Workday, Inc. (NASDAQ:WDAY) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,527 shares of the software maker's stock after acquiring an additional 5,788 shares during the period. Quantinno Capital Management LP's holdings in Workday were worth $12,780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WDAY. Vanguard Group Inc. lifted its stake in Workday by 28.9% in the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Workday in the fourth quarter worth about $658,735,000. Norges Bank bought a new stake in Workday in the fourth quarter worth about $645,710,000. Parnassus Investments LLC lifted its stake in Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after purchasing an additional 2,078,097 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock worth $1,193,105,000 after purchasing an additional 1,772,223 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

WDAY has been the subject of several analyst reports. Guggenheim reissued a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price objective on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. DA Davidson decreased their price objective on shares of Workday from $270.00 to $230.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Piper Sandler decreased their price objective on shares of Workday from $290.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Morgan Stanley reduced their target price on shares of Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $293.62.

Insiders Place Their Bets

In other news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,724 shares of company stock valued at $77,976,126. 19.31% of the stock is currently owned by insiders.

Workday Stock Down 0.6%

NASDAQ WDAY traded down $1.66 on Friday, hitting $273.05. The stock had a trading volume of 2,328,351 shares, compared to its average volume of 2,572,961. The business's fifty day moving average price is $240.57 and its 200 day moving average price is $253.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The stock has a market cap of $72.63 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results 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. Equities research analysts anticipate that Workday, Inc. will post 2.63 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.