Interval Partners LP Acquires New Shares in Workday, Inc. (NASDAQ:WDAY)

Interval Partners LP bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,853 shares of the software maker’s stock, valued at approximately $4,215,000.

Other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its stake in Workday by 17.6% in the 1st quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock worth $8,849,000 after purchasing an additional 4,865 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Workday by 3,717.9% in the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock worth $721,000 after buying an additional 3,123 shares during the last quarter. Bornite Capital Management LP acquired a new stake in shares of Workday during the fourth quarter worth $34,508,000. Nordea Investment Management AB increased its position in shares of Workday by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock valued at $128,851,000 after acquiring an additional 13,502 shares during the period. Finally, Bain Capital Public Equity LP raised its stake in Workday by 32.5% in the 4th quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock worth $6,203,000 after acquiring an additional 5,513 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $150,841,200. The transaction was disclosed in a 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 company’s stock in a transaction dated 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 sale, the insider now owns 102,997 shares in the company, valued at $23,059,998.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $223.80, for a total value of $12,532,800.00. Following the transaction, the insider now directly owns 674,000 shares of the company’s stock, valued at approximately $150,841,200. The disclosure for this sale can be found here. Insiders have sold 467,402 shares of company stock valued at $109,864,184 over the last 90 days. 20.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on WDAY shares. Needham & Company LLC dropped their price objective on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. Loop Capital increased their price objective on shares of Workday from $240.00 to $255.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Stifel Nicolaus lifted their price target on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $286.48.

Workday Stock Down 1.3 %

Workday stock opened at $245.03 on Tuesday. The firm’s fifty day simple moving average is $237.73 and its 200-day simple moving average is $241.81. The company has a market capitalization of $64.93 billion, a P/E ratio of 44.15, a P/E/G ratio of 5.07 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

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