Asset Management One Co. Ltd. Grows Position in Workday, Inc. (NASDAQ:WDAY)

Asset Management One Co. Ltd. boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 8.3% during the 4th quarter, Holdings Channel reports. The fund owned 85,217 shares of the software maker’s stock after buying an additional 6,518 shares during the period. Asset Management One Co. Ltd.’s holdings in Workday were worth $22,688,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Workday by 5.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,493 shares of the software maker’s stock valued at $11,852,000 after purchasing an additional 2,453 shares in the last quarter. Claro Advisors LLC bought a new stake in Workday during the 3rd quarter valued at $255,000. Aaron Wealth Advisors LLC boosted its position in Workday by 55.1% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,864 shares of the software maker’s stock valued at $456,000 after acquiring an additional 662 shares in the last quarter. Generate Investment Management Ltd purchased a new position in shares of Workday in the 3rd quarter valued at $16,538,000. Finally, Blue Trust Inc. raised its position in shares of Workday by 84.6% in the 3rd quarter. Blue Trust Inc. now owns 3,066 shares of the software maker’s stock worth $685,000 after acquiring an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 0.8 %

WDAY stock opened at $258.05 on Friday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $68.64 billion, a P/E ratio of 42.79, a PEG ratio of 3.78 and a beta of 1.35. The company’s 50-day simple moving average is $262.13 and its 200-day simple moving average is $251.46.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares in the company, valued at approximately $14,785,200. The trade was a 48.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the transaction, the director now directly owns 6,845 shares of the company’s stock, valued at $1,732,401.05. The trade was a 21.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

WDAY has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Oppenheimer restated an “outperform” rating and issued a $300.00 price target on shares of Workday in a report on Tuesday, December 3rd. Scotiabank started coverage on shares of Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price objective for the company. Citigroup lowered their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley increased their price objective on Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $292.43.

Workday 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.