S Bank Fund Management Ltd Has $3.42 Million Stock Position in Workday, Inc. $WDAY

S Bank Fund Management Ltd lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1,576.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,931 shares of the software maker’s stock after acquiring an additional 14,981 shares during the period. S Bank Fund Management Ltd’s holdings in Workday were worth $3,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WDAY. Rakuten Securities Inc. acquired a new position in Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the third quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new stake in shares of Workday during the third quarter valued at approximately $30,000. eCIO Inc. bought a new stake in shares of Workday during the fourth quarter valued at approximately $36,000. Finally, Root Financial Partners LLC acquired a new position in shares of Workday during the third quarter worth approximately $40,000. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

WDAY stock opened at $128.88 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market cap of $33.12 billion, a PE ratio of 49.95, a P/E/G ratio of 1.24 and a beta of 1.04. The business has a 50 day moving average of $129.83 and a 200-day moving average of $179.21. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $276.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $1.92 earnings per share. Workday’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts expect that Workday, Inc. will post 5.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

WDAY has been the subject of several research reports. Loop Capital set a $210.00 price target on shares of Workday in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. The Goldman Sachs Group dropped their price objective on shares of Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. UBS Group reduced their price objective on shares of Workday from $170.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, BTIG Research decreased their target price on shares of Workday from $230.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.71.

Insider Activity at Workday

In related news, insider Robert Enslin sold 5,373 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $129.41, for a total value of $695,319.93. Following the transaction, the insider directly owned 165,414 shares of the company’s stock, valued at approximately $21,406,225.74. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, CAO Mark S. Garfield sold 1,585 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $113.05, for a total transaction of $179,184.25. Following the transaction, the chief accounting officer owned 31,467 shares of the company’s stock, valued at approximately $3,557,344.35. The trade was a 4.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 989,814 shares of company stock worth $131,576,291. 20.00% of the stock is owned by company insiders.

Workday Company 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.