Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 12.12MM shares of Workday Inc (WDAY). This represents 6.0% of the company.
In their previous filing dated February 3, 2022 they reported 11.27MM shares and 5.80% of the company, an increase in shares of 7.51% and an increase in total ownership of 0.20% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 11.98% Upside
As of February 6, 2023, the average one-year price target for Workday is $205.74. The forecasts range from a low of $143.42 to a high of $257.25. The average price target represents an increase of 11.98% from its latest reported closing price of $183.73.
The projected annual revenue for Workday is $6,326MM, an increase of 6.40%. The projected annual EPS is $3.61.
Fund Sentiment
There are 1483 funds or institutions reporting positions in Workday. This is a decrease of 1 owner(s) or 0.07%.
Average portfolio weight of all funds dedicated to US:WDAY is 0.5233%, an increase of 13.5661%. Total shares owned by institutions increased in the last three months by 0.73% to 209,879K shares.
What are large shareholders doing?
Janus Henderson Group holds 9,854,477 shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 9,182,454 shares, representing an increase of 6.82%. The firm increased its portfolio allocation in WDAY by 27.17% over the last quarter.
Baillie Gifford & holds 7,386,848 shares representing 2.87% ownership of the company. In it's prior filing, the firm reported owning 7,316,520 shares, representing an increase of 0.95%. The firm decreased its portfolio allocation in WDAY by 58.30% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,928,033 shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 5,850,804 shares, representing an increase of 1.30%. The firm increased its portfolio allocation in WDAY by 15.18% over the last quarter.
Lone Pine Capital holds 5,019,190 shares representing 1.95% ownership of the company. No change in the last quarter.
Sustainable Growth Advisers holds 4,011,014 shares representing 1.56% ownership of the company. In it's prior filing, the firm reported owning 3,597,255 shares, representing an increase of 10.32%. The firm increased its portfolio allocation in WDAY by 7.05% over the last quarter.
Workday Background Information
(This description is provided by the company.)
Workday, Inc., is an American on-demand financial management and human capital management software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle's hostile takeover of PeopleSoft in 2005.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
