Allspring Global Investments Holdings LLC Has $39.33 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Allspring Global Investments Holdings LLC decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 160,919 shares of the software maker’s stock after selling 2,315 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Workday worth $39,330,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after purchasing an additional 1,016,394 shares during the period. Van ECK Associates Corp lifted its stake in shares of Workday by 17,345.2% in the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after purchasing an additional 925,366 shares during the period. Vanguard Group Inc. lifted its stake in shares of Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after purchasing an additional 324,540 shares during the period. D1 Capital Partners L.P. lifted its stake in shares of Workday by 152.1% in the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock valued at $115,804,000 after purchasing an additional 312,500 shares during the period. Finally, Sustainable Growth Advisers LP lifted its stake in shares of Workday by 9.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock valued at $927,998,000 after purchasing an additional 301,463 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the transaction, the insider now directly owns 85,795 shares of the company’s stock, valued at $20,228,745.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the transaction, the insider now directly owns 85,795 shares of the company’s stock, valued at $20,228,745.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 370,575 shares of company stock worth $91,506,897. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WDAY. Morgan Stanley lowered their price objective on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, August 23rd. Evercore ISI lowered their price objective on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft increased their target price on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. JMP Securities reiterated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Thursday, September 19th. Finally, Guggenheim reiterated a “sell” rating and set a $190.00 target price on shares of Workday in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $287.04.

Workday Trading Up 1.2 %

NASDAQ:WDAY opened at $246.76 on Wednesday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The company’s 50-day simple moving average is $246.48 and its 200 day simple moving average is $237.45. The firm has a market capitalization of $65.39 billion, a P/E ratio of 44.46, a PEG ratio of 4.85 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, analysts forecast that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Workday 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.