BI Asset Management Fondsmaeglerselskab A S Boosts Stake in Workday, Inc. (NASDAQ:WDAY)

BI Asset Management Fondsmaeglerselskab A S raised its position in Workday, Inc. (NASDAQ:WDAY) by 11.9% during the fourth quarter, Holdings Channel reports. The firm owned 24,371 shares of the software maker’s stock after buying an additional 2,594 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Workday were worth $6,288,000 at the end of the most recent quarter.

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

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the company’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at $7,789,921.75. This represents a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares of the company’s stock, valued at $29,556,522. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock worth $77,976,126 over the last ninety days. 20.00% of the stock is currently owned by company insiders.

Workday Trading Down 2.9 %

Shares of WDAY stock opened at $221.02 on Friday. The company has a market capitalization of $58.79 billion, a P/E ratio of 36.65, a price-to-earnings-growth 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 business’s 50 day moving average is $244.00 and its two-hundred day moving average is $252.29. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

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

Analysts Set New Price Targets

WDAY has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Oppenheimer increased their price objective on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Piper Sandler boosted their target price on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Scotiabank reduced their price target on Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Finally, Jefferies Financial Group lowered their price objective on Workday from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $296.25.

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.