33,216 Shares in Workday, Inc. (NASDAQ:WDAY) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new stake in Workday, Inc. (NASDAQ:WDAY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,216 shares of the software maker’s stock, valued at approximately $8,092,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WDAY. Capital Performance Advisors LLP acquired a new position in Workday in the 3rd quarter valued at about $26,000. SouthState Corp grew its stake in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after purchasing an additional 129 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of Workday by 56.6% in the 2nd quarter. Crewe Advisors LLC now owns 155 shares of the software maker’s stock valued at $35,000 after purchasing an additional 56 shares during the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Workday in the second quarter valued at approximately $35,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Down 1.3 %

NASDAQ WDAY opened at $249.99 on Monday. The company has a 50-day moving average of $248.77 and a 200-day moving average of $237.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a market cap of $66.25 billion, a P/E ratio of 41.46, a P/E/G ratio of 4.96 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. Workday’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, equities analysts predict that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This represents a 17.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. This represents a 16.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 359,954 shares of company stock valued at $88,742,132. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WDAY shares. KeyCorp lifted their price objective on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 price target on shares of Workday in a research note on Wednesday, September 18th. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America lowered their price objective on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Loop Capital cut their target price on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.14.

About Workday

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.