44,327 Shares in Workday Inc (WDAY) Acquired by Columbus Circle Investors

Columbus Circle Investors purchased a new position in Workday Inc (NASDAQ:WDAY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,327 shares of the software maker’s stock, valued at approximately $7,078,000.

Several other large investors have also added to or reduced their stakes in WDAY. Capital Research Global Investors grew its stake in shares of Workday by 977.4% in the third quarter. Capital Research Global Investors now owns 3,150,040 shares of the software maker’s stock worth $459,843,000 after purchasing an additional 2,857,657 shares in the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of Workday in the third quarter worth $62,598,000. The Manufacturers Life Insurance Company grew its stake in shares of Workday by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 3,083,669 shares of the software maker’s stock worth $450,154,000 after purchasing an additional 264,048 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Workday by 3.4% in the third quarter. Jennison Associates LLC now owns 7,701,472 shares of the software maker’s stock worth $1,124,261,000 after purchasing an additional 252,921 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Workday by 49.2% in the fourth quarter. TD Asset Management Inc. now owns 524,719 shares of the software maker’s stock worth $83,787,000 after purchasing an additional 173,067 shares in the last quarter. 67.93% of the stock is owned by institutional investors.

In other news, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $165.54, for a total transaction of $49,662,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Petros Dermetzis sold 3,743 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $165.48, for a total value of $619,391.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 999,158 shares of company stock valued at $163,638,983. 33.59% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on WDAY shares. Sanford C. Bernstein raised Workday from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a research note on Wednesday, October 17th. BidaskClub raised Workday from a “hold” rating to a “buy” rating in a research note on Thursday, October 18th. BMO Capital Markets increased their price target on Workday from $165.00 to $170.00 and gave the stock a “market perform” rating in a research note on Friday, November 30th. Monness Crespi & Hardt reissued a “buy” rating and issued a $185.00 price target (up previously from $175.00) on shares of Workday in a research note on Friday, November 30th. Finally, Credit Suisse Group increased their price target on Workday from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Workday presently has a consensus rating of “Buy” and an average target price of $158.74.

Shares of NASDAQ WDAY opened at $187.75 on Thursday. Workday Inc has a 12 month low of $115.20 and a 12 month high of $193.08. The firm has a market cap of $41.08 billion, a PE ratio of -147.83 and a beta of 1.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.10 and a quick ratio of 1.10.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, November 29th. The software maker reported $0.31 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.76. Workday had a negative return on equity of 15.98% and a negative net margin of 15.40%. The business had revenue of $743.20 million during the quarter, compared to the consensus estimate of $723.38 million. During the same period in the prior year, the business posted $0.24 earnings per share. Workday’s revenue was up 33.8% compared to the same quarter last year. On average, research analysts anticipate that Workday Inc will post -1.05 earnings per share for the current fiscal year.

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Workday Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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