Xponance Inc. Grows Holdings in Workday, Inc. (NASDAQ:WDAY)

Xponance Inc. increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,522 shares of the software maker’s stock after acquiring an additional 2,108 shares during the period. Xponance Inc.’s holdings in Workday were worth $8,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDAY. William Blair Investment Management LLC grew its holdings in shares of Workday by 17.6% during the first quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock valued at $8,849,000 after buying an additional 4,865 shares during the last quarter. ORG Partners LLC boosted its stake in Workday by 3,717.9% during the 2nd quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after purchasing an additional 3,123 shares during the last quarter. Bornite Capital Management LP bought a new stake in shares of Workday in the 4th quarter worth $34,508,000. Nordea Investment Management AB raised its stake in shares of Workday by 3.0% in the first quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock worth $128,851,000 after purchasing an additional 13,502 shares during the last quarter. Finally, Bain Capital Public Equity LP lifted its holdings in shares of Workday by 32.5% during the fourth quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock valued at $6,203,000 after purchasing an additional 5,513 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Workday in a research report on Friday, September 13th. Piper Sandler reiterated an “overweight” rating and set a $285.00 price objective on shares of Workday in a research report on Wednesday, September 18th. KeyCorp raised their target price on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft raised 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $286.48.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $223.80, for a total transaction of $12,532,800.00. Following the transaction, the insider now directly owns 674,000 shares of the company’s stock, valued at $150,841,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder David A. Duffield sold 78,279 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $223.89, for a total value of $17,525,885.31. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $23,059,998.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, June 28th. The stock was sold at an average price of $223.80, for a total transaction of $12,532,800.00. Following the sale, the insider now directly owns 674,000 shares in the company, valued at approximately $150,841,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 467,402 shares of company stock valued at $109,864,184. 20.00% of the stock is owned by corporate insiders.

Workday Price Performance

NASDAQ:WDAY opened at $245.03 on Tuesday. 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, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The stock’s 50-day moving average price is $237.73 and its 200-day moving average price is $241.81. The stock has a market capitalization of $64.93 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 5.07 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. Workday’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, equities analysts expect that Workday, Inc. will post 2.39 EPS for the current fiscal year.

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.