Workday, Inc. (NASDAQ:WDAY) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 8.8% in the 1st quarter, HoldingsChannel reports. The fund owned 92,735 shares of the software maker’s stock after acquiring an additional 7,518 shares during the period. Asset Management One Co. Ltd.’s holdings in Workday were worth $21,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WDAY. Brighton Jones LLC grew its holdings in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after acquiring an additional 2,792 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Workday by 24.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker’s stock worth $793,000 after acquiring an additional 595 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in Workday by 22.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,825 shares of the software maker’s stock worth $729,000 after acquiring an additional 520 shares in the last quarter. Private Advisor Group LLC grew its holdings in Workday by 10.4% during the 4th quarter. Private Advisor Group LLC now owns 7,742 shares of the software maker’s stock worth $1,998,000 after acquiring an additional 729 shares in the last quarter. Finally, Wealthspire Advisors LLC acquired a new position in Workday during the 4th quarter worth approximately $244,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Down 2.4%

WDAY stock opened at $233.46 on Thursday. The company has a fifty day moving average price of $247.33 and a 200 day moving average price of $251.41. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a market cap of $62.33 billion, a price-to-earnings ratio of 128.98, a price-to-earnings-growth ratio of 3.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. Workday’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. Sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

WDAY has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a report on Wednesday, May 21st. UBS Group upped their target price on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Friday, May 23rd. Oppenheimer lowered their target price on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Finally, Scotiabank lowered their target price on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $297.68.

Insiders Place Their Bets

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the transaction, the director now owns 67,500 shares in the company, valued at approximately $16,767,675. This represents a 10.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the company’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. The trade was a 1.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,762 shares of company stock worth $41,995,382. 19.31% of the stock is owned by insiders.

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.