One Wealth Capital Management LLC Invests $715,000 in Workday, Inc. (NASDAQ:WDAY)

One Wealth Capital Management LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,770 shares of the software maker’s stock, valued at approximately $715,000.

Several other institutional investors and hedge funds have also modified their holdings of WDAY. The Manufacturers Life Insurance Company raised its holdings in Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after acquiring an additional 1,016,394 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after purchasing an additional 562,400 shares during the period. Janus Henderson Group PLC raised its stake in Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after purchasing an additional 480,459 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Workday during the third quarter worth about $78,003,000. Finally, D1 Capital Partners L.P. grew its stake in Workday by 152.1% during the second quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after buying an additional 312,500 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Down 2.6 %

WDAY traded down $6.65 during midday trading on Tuesday, reaching $247.49. 1,102,799 shares of the company were exchanged, compared to its average volume of 1,573,639. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company’s fifty day moving average price is $261.38 and its 200 day moving average price is $245.16. The company has a market cap of $65.83 billion, a price-to-earnings ratio of 41.04, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $0.47 EPS. The business’s revenue was up 15.8% on a year-over-year basis. As a group, analysts expect that Workday, Inc. will post 2.58 EPS for the current year.

Insiders Place Their Bets

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the transaction, the director now owns 8,674 shares in the company, valued at $2,097,806.90. This represents a 17.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Monday, December 30th. The stock was sold at an average price of $261.75, for a total value of $14,658,000.00. Following the sale, the insider now owns 172,000 shares in the company, valued at $45,021,000. The trade was a 24.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 304,158 shares of company stock valued at $78,650,975. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Royal Bank of Canada raised their price target on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Bank of America cut their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a report on Friday, September 13th. Finally, Guggenheim upgraded Workday from a “sell” rating to a “neutral” rating in a research report on Monday. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $291.36.

About Workday

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.