27,655 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,655 shares of the software maker’s stock, valued at approximately $6,183,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Workday by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after acquiring an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP boosted its position in Workday by 9.7% during the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock valued at $927,998,000 after purchasing an additional 301,463 shares during the last quarter. Clearbridge Investments LLC grew its stake in Workday by 12.4% in the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after purchasing an additional 281,207 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after purchasing an additional 1,016,394 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Workday by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after purchasing an additional 118,180 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WDAY shares. Morgan Stanley dropped their price objective on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Barclays raised their price target on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. KeyCorp raised their target price on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Loop Capital upped their price target on Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Workday Stock Performance

WDAY opened at $242.35 on Friday. The stock’s 50 day simple moving average is $240.30 and its 200-day simple moving average is $240.54. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market cap of $64.22 billion, a PE ratio of 43.67, a P/E/G ratio of 4.71 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts forecast that Workday, Inc. will post 2.4 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 76,376 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $226.74, for a total value of $17,317,494.24. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $23,353,539.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Workday 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 transaction, the insider now directly owns 102,997 shares in the company, valued at $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 76,376 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $226.74, for a total transaction of $17,317,494.24. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $23,353,539.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 389,123 shares of company stock worth $94,376,699 over the last quarter. Company insiders own 20.00% of the company’s stock.

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.