North Peak Capital Management LLC Has $140.86 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

North Peak Capital Management LLC reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 576,345 shares of the software maker’s stock after selling 3,941 shares during the period. Workday makes up approximately 19.8% of North Peak Capital Management LLC’s holdings, making the stock its 2nd biggest holding. North Peak Capital Management LLC’s holdings in Workday were worth $140,864,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC boosted its position in shares of Workday by 3,717.9% during the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock worth $721,000 after buying an additional 3,123 shares during the period. Grafton Street Partners Fund LP bought a new stake in Workday in the 3rd quarter valued at approximately $4,424,000. ICICI Prudential Asset Management Co Ltd boosted its position in Workday by 32.4% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock worth $7,791,000 after acquiring an additional 7,802 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Workday by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after acquiring an additional 118,180 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Workday by 19.3% during the 3rd quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock worth $10,833,000 after acquiring an additional 7,175 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This represents a 39.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $22,990,500. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 359,954 shares of company stock worth $88,742,132. Company insiders own 20.00% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY opened at $267.69 on Tuesday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a 50-day moving average price of $248.08 and a two-hundred day moving average price of $237.05. The company has a market capitalization of $70.94 billion, a P/E ratio of 46.64, a P/E/G ratio of 5.31 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

Several research analysts recently commented on WDAY shares. JMP Securities restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Thursday, September 19th. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, September 18th. Bank of America raised their price objective on Workday from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Scotiabank started coverage on Workday in a report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price on the stock. Finally, Morgan Stanley reduced their price target on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $289.46.

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.