International Assets Investment Management LLC Raises Position in Workday, Inc. (NASDAQ:WDAY)

International Assets Investment Management LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 24,593.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 215,325 shares of the software maker’s stock after acquiring an additional 214,453 shares during the period. International Assets Investment Management LLC’s holdings in Workday were worth $52,628,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Workday by 79.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after purchasing an additional 1,016,394 shares in the last quarter. Van ECK Associates Corp grew its stake in Workday by 17,345.2% in the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock worth $208,068,000 after buying an additional 925,366 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 worth $4,029,244,000 after buying an additional 324,540 shares during the last quarter. D1 Capital Partners L.P. raised its position in shares of Workday by 152.1% during 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 buying an additional 312,500 shares in the last quarter. Finally, Sustainable Growth Advisers LP raised its position in shares of Workday by 9.7% during 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 buying an additional 301,463 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on WDAY shares. Loop Capital increased their target price on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. The Goldman Sachs Group raised their price objective on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $285.00 target price on shares of Workday in a research note on Wednesday, September 18th. Finally, KeyCorp lifted their price target on shares of Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.04.

Workday Trading Up 0.4 %

Shares of WDAY opened at $237.71 on Monday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The firm’s 50-day moving average price is $247.09 and its 200-day moving average price is $236.82. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $62.99 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 4.90 and a beta of 1.35.

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

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now directly owns 281,000 shares in the company, valued at $68,004,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the sale, the director now owns 97,500 shares in the company, valued at $25,381,200. 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 ninety days, insiders have sold 370,575 shares of company stock worth $91,506,897. Company insiders own 20.00% of the company’s stock.

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.