Canada Post Corp Registered Pension Plan Grows Stake in Workday, Inc. $WDAY

Canada Post Corp Registered Pension Plan grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 52.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 52,766 shares of the software maker’s stock after acquiring an additional 18,071 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Workday were worth $11,333,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WDAY. Rakuten Securities Inc. purchased a new stake in Workday during the 2nd quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Workday during the 3rd quarter valued at about $26,000. LRI Investments LLC purchased a new position in Workday in the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new position in shares of Workday in the third quarter worth approximately $30,000. Finally, eCIO Inc. bought a new position in shares of Workday in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Up 5.3%

WDAY stock opened at $125.01 on Friday. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $274.65. The business’s 50-day moving average is $127.74 and its two-hundred day moving average is $173.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 48.45, a P/E/G ratio of 1.21 and a beta of 1.04.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $1.92 EPS. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts forecast that Workday, Inc. will post 5.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WDAY. Royal Bank Of Canada reduced their price target on shares of Workday from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Jefferies Financial Group cut Workday from a “buy” rating to a “hold” rating and lowered their price objective for the company from $325.00 to $150.00 in a research report on Monday, February 23rd. Citigroup downgraded Workday from a “market perform” rating to a “negative” rating in a research note on Friday. Stifel Nicolaus set a $175.00 target price on Workday in a report on Monday, February 9th. Finally, Raymond James Financial restated a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.71.

Insider Activity at Workday

In other news, insider Robert Enslin sold 5,373 shares of Workday stock in a transaction on Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the transaction, the insider owned 165,414 shares in the company, valued at $21,406,225.74. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total value of $1,201,216.84. Following the completion of the sale, the insider owned 165,074 shares of the company’s stock, valued at $21,193,850.86. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 989,814 shares of company stock valued at $131,576,291 in the last three months. Corporate insiders own 18.64% of the company’s stock.

Workday 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.