Caxton Associates LLP Has $587,000 Holdings in Workday, Inc. $WDAY

Caxton Associates LLP lessened its holdings in Workday, Inc. (NASDAQ:WDAY) by 67.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,518 shares of the software maker’s stock after selling 9,357 shares during the quarter. Caxton Associates LLP’s holdings in Workday were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Workday in the 4th quarter valued at $448,804,000. Harvest Fund Management Co. Ltd grew its holdings in Workday by 40.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 55,605 shares of the software maker’s stock worth $11,943,000 after acquiring an additional 15,903 shares during the last quarter. Aurora Investment Counsel bought a new position in shares of Workday in the fourth quarter worth about $2,357,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Workday by 18.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker’s stock worth $122,804,000 after purchasing an additional 88,384 shares in the last quarter. Finally, Morningstar Investment Management LLC grew its stake in shares of Workday by 127.2% during the fourth quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock valued at $5,808,000 after purchasing an additional 15,138 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on WDAY shares. HC Wainwright set a $140.00 price target on shares of Workday in a report on Wednesday, May 27th. TD Cowen reaffirmed a “hold” rating on shares of Workday in a report on Friday, May 22nd. William Blair upgraded Workday to a “strong-buy” rating in a research report on Friday, May 22nd. CLSA began coverage on Workday in a research note on Monday, July 20th. They issued an “underperform” rating and a $92.00 target price for the company. Finally, Bank of America initiated coverage on Workday in a research report on Wednesday, May 27th. They set a “neutral” rating and a $140.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.80.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $136.74, for a total transaction of $14,699,550.00. Following the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $14,364,400.26. This trade represents a 50.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total value of $862,200.00. Following the sale, the chief financial officer directly owned 288,460 shares in the company, valued at approximately $41,451,702. This represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is owned by company insiders.

Workday Price Performance

Workday stock opened at $147.54 on Tuesday. The firm has a market capitalization of $36.44 billion, a P/E ratio of 46.11, a PEG ratio of 1.44 and a beta of 1.11. The business has a 50-day moving average of $133.51 and a 200-day moving average of $140.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. On average, equities analysts anticipate that Workday, Inc. will post 5.38 EPS for the current year.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.