Baillie Gifford & Co. Has $368.06 Million Stock Holdings in Workday, Inc. $WDAY

Baillie Gifford & Co. cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,528,946 shares of the software maker’s stock after selling 77,861 shares during the quarter. Baillie Gifford & Co. owned about 0.57% of Workday worth $368,063,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in Workday in the 2nd quarter valued at $25,000. Berbice Capital Management LLC lifted its holdings in shares of Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares during the period. Root Financial Partners LLC bought a new position in shares of Workday during the third quarter worth about $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Workday in the 2nd quarter valued at approximately $41,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Trading Up 0.6%

WDAY stock opened at $189.26 on Friday. Workday, Inc. has a one year low of $180.56 and a one year high of $283.68. The stock has a market cap of $49.78 billion, a price-to-earnings ratio of 79.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a fifty day moving average price of $212.32 and a two-hundred day moving average price of $225.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 earnings per share. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the completion of the sale, the chief financial officer owned 159,158 shares in the company, valued at $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total value of $784,616.07. Following the transaction, the insider owned 105,167 shares in the company, valued at approximately $21,951,507.91. This trade represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 370,321 shares of company stock valued at $78,866,401. Company insiders own 19.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WDAY shares. Royal Bank Of Canada lowered their price objective on shares of Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Raymond James Financial began coverage on shares of Workday in a research report on Friday, November 21st. They issued a “market perform” rating for the company. Sanford C. Bernstein cut their price target on shares of Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Citizens Jmp restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group assumed coverage on Workday in a research report on Monday, January 12th. They set a “neutral” rating and a $238.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and a consensus price target of $278.09.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.