Workday, Inc. (NASDAQ:WDAY) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its position in Workday, Inc. (NASDAQ:WDAYFree Report) by 39.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,105 shares of the software maker’s stock after buying an additional 2,586 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Workday were worth $2,483,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC increased its position in shares of Workday by 19.1% in the 3rd quarter. Lido Advisors LLC now owns 1,623 shares of the software maker’s stock worth $349,000 after purchasing an additional 260 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Workday by 75.3% in the 3rd quarter. Schroder Investment Management Group now owns 46,643 shares of the software maker’s stock worth $10,021,000 after purchasing an additional 20,033 shares during the last quarter. Toroso Investments LLC increased its position in shares of Workday by 58.2% in the 3rd quarter. Toroso Investments LLC now owns 4,647 shares of the software maker’s stock worth $998,000 after purchasing an additional 1,709 shares during the last quarter. Kampmann Melissa S. bought a new stake in shares of Workday in the 3rd quarter worth about $3,019,000. Finally, Comerica Bank increased its position in shares of Workday by 1,499.6% in the 3rd quarter. Comerica Bank now owns 33,896 shares of the software maker’s stock worth $7,282,000 after purchasing an additional 31,777 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Down 0.0 %

WDAY stock opened at $223.08 on Thursday. Workday, Inc. has a 52-week low of $202.01 and a 52-week high of $311.28. The company’s 50 day simple moving average is $228.39 and its 200-day simple moving average is $260.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $59.12 billion, a P/E ratio of 40.19, a P/E/G ratio of 5.70 and a beta of 1.35.

Workday (NASDAQ:WDAYGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.20. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. Workday had a net margin of 19.66% and a return on equity of 5.78%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. As a group, equities research analysts anticipate that Workday, Inc. will post 2.12 EPS for the current year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the sale, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total transaction of $669,267.24. Following the sale, the insider now directly owns 204,066 shares of the company’s stock, valued at $43,759,913.04. The disclosure for this sale can be found here. Insiders have sold a total of 524,672 shares of company stock worth $117,930,754 in the last 90 days. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WDAY. Mizuho lowered their price objective on shares of Workday from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus lowered their price objective on shares of Workday from $290.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Piper Sandler lowered their price objective on shares of Workday from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Oppenheimer lowered their price objective on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Finally, Morgan Stanley lowered their price objective on shares of Workday from $330.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $282.11.

View Our Latest Analysis on WDAY

Workday Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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