Sanctuary Advisors LLC Increases Stake in Workday, Inc. (NASDAQ:WDAY)

Sanctuary Advisors LLC increased its stake in Workday, Inc. (NASDAQ:WDAY) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,633 shares of the software maker’s stock after buying an additional 1,978 shares during the period. Sanctuary Advisors LLC’s holdings in Workday were worth $7,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Grafton Street Partners Fund LP purchased a new position in shares of Workday in the 3rd quarter valued at approximately $4,424,000. ICICI Prudential Asset Management Co Ltd raised its holdings in Workday by 32.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock worth $7,791,000 after purchasing an additional 7,802 shares in the last quarter. Legal & General Group Plc lifted its position in Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock valued at $384,518,000 after buying an additional 118,180 shares during the period. Atria Investments Inc lifted its position in Workday by 19.3% during the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock valued at $10,833,000 after buying an additional 7,175 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Workday by 387.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock valued at $86,926,000 after buying an additional 282,632 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the transaction, the insider now directly owns 505,000 shares in the company, valued at $125,032,950. The trade was a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This trade represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 361,463 shares of company stock valued at $88,422,088 over the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Workday Trading Down 0.4 %

NASDAQ:WDAY opened at $273.67 on Friday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The business has a fifty day moving average price of $253.74 and a 200-day moving average price of $238.90. The firm has a market capitalization of $72.80 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. Sell-side analysts forecast that Workday, Inc. will post 2.58 EPS for the current year.

Analyst Ratings Changes

WDAY has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a report on Friday, September 13th. Scotiabank initiated coverage on Workday in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Finally, StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $290.64.

Workday Company 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.