Kapitalo Investimentos Ltda Has $1.43 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Kapitalo Investimentos Ltda decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 37.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,181 shares of the software maker’s stock after selling 3,126 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Workday were worth $1,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vontobel Holding Ltd. grew its holdings in shares of Workday by 5.1% during the fourth quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after purchasing an additional 3,260 shares during the last quarter. Morgan Stanley increased its position in Workday by 47.0% in the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after acquiring an additional 872,288 shares during the period. Assetmark Inc. grew its stake in shares of Workday by 9.9% in the fourth quarter. Assetmark Inc. now owns 21,414 shares of the software maker’s stock worth $5,912,000 after purchasing an additional 1,933 shares during the last quarter. Bornite Capital Management LP acquired a new stake in Workday in the fourth quarter valued at $34,508,000. Finally, Bain Capital Public Equity LP lifted its holdings in Workday by 32.5% during the 4th quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock worth $6,203,000 after buying an additional 5,513 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of a number of analyst reports. Barclays lowered their price objective on Workday from $316.00 to $286.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Canaccord Genuity Group reduced their price objective on shares of Workday from $305.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Wells Fargo & Company lowered their target price on shares of Workday from $350.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday, May 24th. The Goldman Sachs Group dropped their target price on shares of Workday from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Finally, Guggenheim reiterated a “sell” rating and set a $190.00 price target on shares of Workday in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.96.

Read Our Latest Stock Report on WDAY

Workday Stock Down 0.4 %

Shares of NASDAQ WDAY traded down $0.84 during trading on Tuesday, hitting $211.62. The stock had a trading volume of 199,957 shares, compared to its average volume of 2,187,871. Workday, Inc. has a 12 month low of $202.01 and a 12 month high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market capitalization of $56.08 billion, a PE ratio of 38.26, a PEG ratio of 6.28 and a beta of 1.33. The firm has a fifty day moving average of $240.56 and a two-hundred day moving average of $266.76.

Workday (NASDAQ:WDAYGet Free Report) last posted its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts forecast that Workday, Inc. will post 1.78 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 57,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $209.17, for a total value of $11,922,690.00. Following the completion of the sale, the insider now owns 786,000 shares in the company, valued at approximately $164,407,620. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder David A. Duffield sold 64,162 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $271.67, for a total transaction of $17,430,890.54. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $27,981,194.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the transaction, the insider now owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The disclosure for this sale can be found here. Insiders sold a total of 448,713 shares of company stock worth $112,547,513 in the last quarter. 20.00% of the stock is currently owned by corporate insiders.

About Workday

(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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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