2 weeks Ago By ABMN Staff
Maverick Capital Ltd. bought a new stake in shares of Workday, Inc. ( NASDAQ:WDAY – Free Report ) in the 2nd quarter, according to its most recent 13F filing with the SEC.
The firm bought 5,392 shares of the software maker’s stock, valued at approximately $1,205,000. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc.
grew its position in shares of Workday by 2.2% in the first 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 last quarter. Sustainable Growth Advisers LP grew its holdings in 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 during the last quarter. Clearbridge Investments LLC increased its position in Workday by 12.4% during the first quarter.
Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock worth $693,382,000 after buying an additional 281,207 shares in the last quarter. Meritage Group LP raised its holdings in shares of Workday by 27.5% in the first quarter.
Meritage Group LP now owns 1,277,359 shares of the software maker’s stock worth $348,400,000 after acquiring an additional 275,883 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Workday by 15.2% in the second quarter.
Bank of New York Mellon Corp now owns 1,167,131 shares of the software maker’s stock valued at $260,924,000 after acquiring an additional 153,577 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.
Workday Stock Performance Shares of WDAY stock opened at $243.62 on Friday. 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 company has a market cap of $64.56 billion, a PE ratio of 43.90, a P/E/G ratio of 4.
91 and a beta of 1.35. The company’s fifty day simple moving average is $238.
82 and its 200-day simple moving average is $241.57. Workday, Inc.
has a 52 week low of $199.81 and a 52 week high of $311.28.
Insider Activity at Workday In other Workday news, major shareholder David A. Duffield sold 78,279 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $223.
89, for a total value of $17,525,885.31. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $23,059,998.
33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . In other news, major shareholder David A.
Duffield sold 78,279 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $223.89, for a total transaction of $17,525,885.
31. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $23,059,998.33.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Also, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.
67, for a total transaction of $710,383.78. Following the completion of the transaction, the insider now owns 92,014 shares of the company’s stock, valued at $20,856,813.
38. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 467,402 shares of company stock worth $111,071,544.
20.00% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth Several brokerages recently weighed in on WDAY.
Morgan Stanley cut their target price on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, August 23rd.
KeyCorp lifted their price target on shares of Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd.
Guggenheim reissued a “sell” rating and set a $190.00 price objective on shares of Workday in a research note on Tuesday, June 25th. Barclays lifted their target price on shares of Workday from $286.
00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $285.
00 price target on shares of Workday in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $287.
04. Check Out Our Latest Stock Analysis on WDAY Workday Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter .
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