Neuberger Berman Group LLC Has $178.97 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Neuberger Berman Group LLC reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 9.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 693,584 shares of the software maker’s stock after selling 75,091 shares during the quarter. Neuberger Berman Group LLC’s holdings in Workday were worth $178,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Workday by 20.7% during the 4th quarter. Bessemer Group Inc. now owns 3,279 shares of the software maker’s stock worth $847,000 after acquiring an additional 563 shares during the last quarter. Martingale Asset Management L P bought a new stake in Workday during the 4th quarter worth approximately $362,000. Azimuth Capital Investment Management LLC increased its stake in Workday by 0.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 67,201 shares of the software maker’s stock worth $17,340,000 after purchasing an additional 267 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Workday by 243.0% during the 4th quarter. APG Asset Management N.V. now owns 152,500 shares of the software maker’s stock worth $38,001,000 after acquiring an additional 108,035 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Workday by 27.6% during the 4th quarter. Advisory Services Network LLC now owns 703 shares of the software maker’s stock worth $181,000 after acquiring an additional 152 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Loop Capital raised their price target on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Jefferies Financial Group decreased their target price on Workday from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Daiwa America upgraded Workday to a “strong-buy” rating in a report on Tuesday, March 4th. UBS Group boosted 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. Finally, Mizuho upped their target price on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $300.18.

Workday Trading Up 10.0 %

Shares of Workday stock opened at $231.42 on Thursday. 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 $61.56 billion, a price-to-earnings ratio of 38.38, 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. The company’s 50-day moving average price is $249.84 and its 200-day moving average price is $253.08.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. On average, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 71,672 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $248.58, for a total value of $17,816,225.76. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $25,602,994.26. This represents a 41.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the sale, the chief executive officer now directly owns 10,847 shares of the company’s stock, valued at approximately $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 296,424 shares of company stock valued at $74,332,103 in the last three months. 20.00% of the stock is currently owned by company 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.