Workday, Inc. (NASDAQ:WDAY) Shares Sold by National Bank of Canada FI
National Bank of Canada FI cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 18.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 210,640 shares of the software maker’s stock after selling 49,244 shares during the period. National Bank of Canada FI owned approximately 0.08% of Workday worth $43,961,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Workday during the 1st quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Workday during the 2nd quarter valued at about $29,000. Nemes Rush Group LLC acquired a new stake in shares of Workday during the 2nd quarter valued at about $34,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Workday during the 2nd quarter valued at about $34,000. Finally, First Manhattan CO. LLC. acquired a new stake in shares of Workday during the 1st quarter valued at about $37,000. 68.46% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Workday news, CFO Zane Rowe sold 5,216 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $205.41, for a total value of $1,071,418.56. Following the sale, the chief financial officer now owns 159,920 shares of the company’s stock, valued at $32,849,167.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Workday news, CFO Zane Rowe sold 5,216 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $205.41, for a total value of $1,071,418.56. Following the sale, the chief financial officer now owns 159,920 shares of the company’s stock, valued at $32,849,167.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aneel Bhusri sold 3,889 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $205.41, for a total transaction of $798,839.49. Following the completion of the sale, the chief executive officer now directly owns 550,004 shares in the company, valued at approximately $112,976,321.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,126 shares of company stock worth $35,530,277. 21.09% of the stock is owned by company insiders.
Analysts Set New Price Targets
WDAY has been the topic of a number of research reports. Robert W. Baird raised their price target on shares of Workday from $245.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 25th. BMO Capital Markets raised their price target on shares of Workday from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. KeyCorp raised their price target on shares of Workday from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Friday, August 25th. Sanford C. Bernstein raised their price target on shares of Workday from $275.00 to $284.00 and gave the company an “outperform” rating in a research note on Sunday, August 27th. Finally, Loop Capital raised their price target on shares of Workday from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.45.
Get Our Latest Report on Workday
Workday Trading Up 0.7 %
Shares of WDAY opened at $272.70 on Friday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average is $234.46 and its two-hundred day moving average is $229.76. Workday, Inc. has a twelve month low of $157.85 and a twelve month high of $279.83. The firm has a market capitalization of $71.72 billion, a P/E ratio of 1,136.25, a PEG ratio of 9.32 and a beta of 1.31.
Workday (NASDAQ:WDAY – Get Free Report) last issued its earnings results on Tuesday, November 28th. The software maker reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. Workday had a net margin of 0.95% and a return on equity of 3.87%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, research analysts predict that Workday, Inc. will post 1.13 earnings per share for the current fiscal year.
Workday Company Profile (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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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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Original: MarketBeat News Feed: Workday, Inc. (NASDAQ:WDAY) Shares Sold by National Bank of Canada FI