Farringdon Capital Ltd. Buys New Holdings in Workday, Inc. (NASDAQ:WDAY)

Farringdon Capital Ltd. purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,378 shares of the software maker’s stock, valued at approximately $614,000.

Several other large investors have also made changes to their positions in WDAY. Roxbury Financial LLC purchased a new stake in Workday in the fourth quarter valued at $25,000. Crews Bank & Trust purchased a new stake in shares of Workday in the fourth quarter worth about $26,000. Avion Wealth raised its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new position in Workday in the fourth quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. grew its stake in shares of Workday by 78.6% during the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after purchasing an additional 66 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $26,729,781.44. This trade represents a 39.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is currently owned by company insiders.

Workday Stock Down 2.4 %

Shares of WDAY opened at $227.71 on Thursday. The stock has a fifty day simple moving average of $245.82 and a two-hundred day simple moving average of $252.48. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $60.57 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WDAY shares. KeyCorp increased their price target on shares of Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Loop Capital lifted their price target on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Citigroup lowered their price target on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company upped their target price on Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, JMP Securities reissued a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.25.

Workday 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.