BI Asset Management Fondsmaeglerselskab A S Raises Stock Position in Workday, Inc. (NASDAQ:WDAY)

BI Asset Management Fondsmaeglerselskab A S lifted its position in Workday, Inc. (NASDAQ:WDAY) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,371 shares of the software maker’s stock after purchasing an additional 2,594 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Workday were worth $6,288,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Workday by 1.3% in the fourth quarter. Capital World Investors now owns 355,364 shares of the software maker’s stock valued at $91,695,000 after acquiring an additional 4,394 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Workday by 40.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,829 shares of the software maker’s stock worth $90,545,000 after purchasing an additional 101,466 shares during the period. First Trust Advisors LP increased its holdings in Workday by 3.0% during the fourth quarter. First Trust Advisors LP now owns 1,326,036 shares of the software maker’s stock valued at $342,157,000 after buying an additional 38,855 shares during the period. Forum Financial Management LP bought a new position in Workday in the fourth quarter worth approximately $287,000. Finally, GeoWealth Management LLC boosted its position in Workday by 12.3% during the 4th quarter. GeoWealth Management LLC now owns 2,153 shares of the software maker’s stock valued at $556,000 after acquiring an additional 235 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WDAY has been the topic of a number of recent research reports. Daiwa America raised Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Canaccord Genuity Group boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group raised their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, UBS Group increased their price target on Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $296.25.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,729,781.44. The trade was a 39.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now owns 111,324 shares of the company’s stock, valued at $29,556,522. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 in the last ninety days. 20.00% of the stock is currently owned by corporate insiders.

Workday Trading Down 2.9 %

WDAY stock opened at $221.02 on Friday. The business’s 50-day moving average is $244.00 and its 200 day moving average is $252.29. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The stock has a market cap of $58.79 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday Company 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.