XTX Topco Ltd Makes New $2.65 Million Investment in Workday, Inc. (NASDAQ:WDAY)

XTX Topco Ltd acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,870 shares of the software maker’s stock, valued at approximately $2,654,000.

A number of other large investors have also bought and sold shares of the company. Carolinas Wealth Consulting LLC grew its stake in Workday by 9.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock worth $106,000 after buying an additional 34 shares in the last quarter. Congress Wealth Management LLC DE increased its position in shares of Workday by 2.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 1,658 shares of the software maker’s stock valued at $458,000 after acquiring an additional 39 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Workday by 4.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 869 shares of the software maker’s stock worth $240,000 after buying an additional 39 shares during the last quarter. Hudson Value Partners LLC lifted its holdings in shares of Workday by 0.8% during the 4th quarter. Hudson Value Partners LLC now owns 5,135 shares of the software maker’s stock valued at $1,418,000 after buying an additional 40 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Workday by 3.5% during the 4th quarter. D.A. Davidson & CO. now owns 1,241 shares of the software maker’s stock worth $343,000 after acquiring an additional 42 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Performance

Shares of WDAY stock opened at $248.47 on Thursday. The stock has a market capitalization of $65.84 billion, a PE ratio of 44.77, a P/E/G ratio of 5.07 and a beta of 1.35. The firm has a 50 day moving average of $236.71 and a two-hundred day moving average of $242.43. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Workday’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, research analysts predict that Workday, Inc. will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the transaction, the director now directly owns 90,000 shares in the company, valued at $22,990,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $22,990,500. The disclosure for this sale can be found here. Insiders have sold 466,402 shares of company stock worth $107,992,034 in the last quarter. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WDAY shares. UBS Group reduced their price objective on shares of Workday from $280.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Bank of America upped their price objective on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $300.00 price objective on shares of Workday in a report on Wednesday. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

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.