Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 26,800 Shares of Workday, Inc. $WDAY

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 54.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 76,157 shares of the software maker’s stock after acquiring an additional 26,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Workday were worth $9,894,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WDAY. Brighton Jones LLC grew its position in Workday by 230.2% in the fourth 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. Empowered Funds LLC increased its stake in Workday by 12.1% during the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after acquiring an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the period. Sivia Capital Partners LLC purchased a new stake in Workday during the second quarter valued at approximately $281,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Workday by 32.0% in the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock valued at $1,583,000 after purchasing an additional 1,600 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen reiterated a “hold” rating on shares of Workday in a report on Friday, May 22nd. Summit Redstone set a $275.00 price target on Workday in a report on Wednesday, May 27th. Cantor Fitzgerald restated an “overweight” rating on shares of Workday in a research report on Wednesday, June 17th. UBS Group lifted their price objective on shares of Workday from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Monness Crespi & Hardt upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.00.

Workday Stock Performance

WDAY opened at $135.40 on Friday. The stock has a market cap of $33.44 billion, a price-to-earnings ratio of 42.31, a P/E/G ratio of 1.45 and a beta of 1.11. The stock’s 50 day moving average price is $127.76 and its 200-day moving average price is $149.84. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $2.23 EPS. Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, equities analysts forecast that Workday, Inc. will post 5.34 EPS for the current year.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 1,585 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $113.05, for a total value of $179,184.25. Following the sale, the chief accounting officer owned 31,467 shares in the company, valued at $3,557,344.35. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 9,356 shares of Workday 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 sale, the insider owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. This trade represents a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders have sold 882,314 shares of company stock worth $111,443,691. 18.64% of the stock is currently 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.