Workday, Inc. $WDAY Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 91.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,416,746 shares of the software maker’s stock after acquiring an additional 678,609 shares during the period. Assenagon Asset Management S.A. owned about 0.54% of Workday worth $304,289,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares during the period. Empowered Funds LLC increased its holdings in shares of Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after acquiring an additional 1,206 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after acquiring an additional 127 shares during the period. Sivia Capital Partners LLC purchased a new stake in Workday in the 2nd quarter valued at $281,000. Finally, Magnetar Financial LLC acquired a new stake in Workday during the 2nd quarter worth $478,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. DA Davidson lowered their price objective on shares of Workday from $250.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Jefferies Financial Group cut shares of Workday from a “buy” rating to a “hold” rating and reduced their target price for the company from $325.00 to $150.00 in a report on Monday, February 23rd. Barclays lowered their price target on Workday from $230.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Wells Fargo & Company dropped their price target on Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, TD Cowen downgraded Workday from a “buy” rating to a “hold” rating and set a $155.00 price objective for the company. in a research note on Wednesday, February 25th. Nineteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.71.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $137.06 on Tuesday. Workday, Inc. has a 52 week low of $117.76 and a 52 week high of $276.00. The company has a 50-day moving average price of $155.71 and a 200 day moving average price of $201.76. The company has a market cap of $35.22 billion, a P/E ratio of 53.12, a PEG ratio of 1.32 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. Research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $210.00, for a total transaction of $656,250.00. Following the sale, the chief executive officer owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. The trade was a 15.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the transaction, the insider owned 105,167 shares in the company, valued at $21,951,507.91. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 657,536 shares of company stock valued at $99,244,342 in the last three months. Insiders own 20.00% of the company’s stock.

Workday 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.