Citizens Financial Group Inc. RI Acquires 243 Shares of Workday, Inc. (NASDAQ:WDAY)

Citizens Financial Group Inc. RI lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 6.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,237 shares of the software maker’s stock after purchasing an additional 243 shares during the period. Citizens Financial Group Inc. RI’s holdings in Workday were worth $1,093,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WDAY. Raymond James Financial Inc. bought a new position in shares of Workday in the 4th quarter worth approximately $194,679,000. Two Sigma Advisers LP increased its holdings in Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after acquiring an additional 562,400 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Workday by 62.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock worth $350,921,000 after acquiring an additional 524,799 shares in the last quarter. KBC Group NV increased its holdings in Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after acquiring an additional 506,812 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Workday by 10.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after acquiring an additional 480,459 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. This trade represents a 39.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock worth $113,033,319 over the last three months. 20.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WDAY shares. JMP Securities reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Loop Capital increased their target price on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Guggenheim reissued a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Canaccord Genuity Group increased their target price on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Mizuho increased their price objective on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Stock Down 0.5 %

Shares of WDAY opened at $241.67 on Thursday. The company has a market cap of $64.28 billion, a PE ratio of 40.08, a P/E/G ratio of 3.55 and a beta of 1.38. The business has a fifty day moving average of $257.38 and a 200 day moving average of $255.80. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Workday Company 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.