Caprock Group LLC Has $744,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Caprock Group LLC boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 14.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,046 shares of the software maker’s stock after buying an additional 386 shares during the period. Caprock Group LLC’s holdings in Workday were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WDAY. The Manufacturers Life Insurance Company boosted its stake in shares of Workday by 79.1% during 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 buying an additional 1,016,394 shares during the period. Van ECK Associates Corp boosted its position in Workday by 17,345.2% during the second 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 last quarter. D1 Capital Partners L.P. grew its stake in Workday by 152.1% in the second 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 in the last quarter. Lindbrook Capital LLC increased its position in Workday by 17,001.6% in the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after purchasing an additional 284,266 shares during the last quarter. Finally, Rokos Capital Management LLP raised its stake in shares of Workday by 332.4% during the 1st quarter. Rokos Capital Management LLP now owns 332,986 shares of the software maker’s stock worth $90,839,000 after purchasing an additional 255,971 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

Shares of Workday stock opened at $267.75 on Friday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $70.95 billion, a P/E ratio of 46.65, a price-to-earnings-growth ratio of 5.16 and a beta of 1.35. The firm’s 50-day simple moving average is $247.71 and its 200-day simple moving average is $237.07.

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

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 39.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.29, for a total value of $812,365.09. Following the sale, the insider now owns 196,344 shares in the company, valued at approximately $51,106,379.76. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 over the last three months. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WDAY. Needham & Company LLC dropped their price objective on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Evercore ISI cut their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Morgan Stanley decreased their price objective on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Bank of America raised their target price on Workday from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Scotiabank initiated coverage on Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $289.46.

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.