Baillie Gifford & Co. Buys 11,251 Shares of Workday, Inc. (NASDAQ:WDAY)

Baillie Gifford & Co. boosted its position in Workday, Inc. (NASDAQ:WDAY) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,573,616 shares of the software maker’s stock after acquiring an additional 11,251 shares during the quarter. Workday accounts for approximately 1.2% of Baillie Gifford & Co.’s portfolio, making the stock its 21st largest holding. Baillie Gifford & Co.’s holdings in Workday were worth $1,606,657,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Workday by 37.9% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,392 shares of the software maker’s stock valued at $832,000 after purchasing an additional 932 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Workday by 129.6% in the third quarter. GSA Capital Partners LLP now owns 3,196 shares of the software maker’s stock worth $781,000 after buying an additional 1,804 shares in the last quarter. Catalytic Wealth RIA LLC purchased a new stake in Workday in the third quarter worth approximately $217,000. Ashton Thomas Securities LLC grew its position in Workday by 6.5% during the third quarter. Ashton Thomas Securities LLC now owns 1,448 shares of the software maker’s stock valued at $354,000 after acquiring an additional 88 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Workday by 12.8% during the third quarter. Los Angeles Capital Management LLC now owns 30,483 shares of the software maker’s stock worth $7,450,000 after acquiring an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on WDAY shares. KeyCorp increased their target price on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Evercore ISI lowered their target price on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. BMO Capital Markets restated an “outperform” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, September 18th. Finally, Needham & Company LLC lowered their price target on shares of Workday from $350.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $287.04.

Workday Stock Performance

Shares of WDAY stock opened at $264.15 on Tuesday. 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 quick ratio of 2.04 and a current ratio of 2.04. The company has a 50 day moving average price of $245.77 and a 200 day moving average price of $235.86. The firm has a market capitalization of $70.00 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 5.09 and a beta of 1.35.

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

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s 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 transaction, the insider now owns 281,000 shares in the company, valued at approximately $68,004,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s 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 transaction, the insider now owns 281,000 shares in the company, valued at approximately $68,004,810. This trade represents a 0.00 % 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, insider Richard Harry Sauer sold 3,134 shares of the firm’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 owns 85,795 shares in the company, valued at $20,228,745.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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.