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

Neuberger Berman Group LLC lowered its stake in Workday, Inc. (NASDAQ:WDAY) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 693,584 shares of the software maker’s stock after selling 75,091 shares during the quarter. Neuberger Berman Group LLC owned about 0.26% of Workday worth $178,966,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WDAY. Integrated Wealth Concepts LLC increased its holdings in Workday by 8.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,646 shares of the software maker’s stock worth $402,000 after purchasing an additional 130 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in Workday by 43.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 5,199 shares of the software maker’s stock worth $1,271,000 after acquiring an additional 1,573 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Workday by 51.5% during the third quarter. EP Wealth Advisors LLC now owns 3,714 shares of the software maker’s stock worth $908,000 after acquiring an additional 1,262 shares during the last quarter. National Bank of Canada FI raised its position in shares of Workday by 122.5% in the third quarter. National Bank of Canada FI now owns 53,844 shares of the software maker’s stock valued at $13,160,000 after buying an additional 29,644 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Workday by 23.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 78,156 shares of the software maker’s stock valued at $19,102,000 after buying an additional 14,861 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Up 10.0 %

Shares of WDAY stock opened at $231.42 on Thursday. The company’s 50-day moving average price is $249.84 and its 200-day moving average price is $253.08. 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 stock 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. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several research analyst reports. Guggenheim restated a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. BMO Capital Markets boosted their price objective on shares of Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $330.00 to $275.00 in a research note on Wednesday, February 19th. Mizuho boosted their target price on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, KeyCorp upped their price objective on shares of Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.18.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was 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 in the company, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the transaction, the chief executive officer now owns 10,847 shares of the company’s stock, valued at approximately $2,544,814.67. This represents a 22.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 296,424 shares of company stock valued at $74,332,103. 20.00% of the stock is 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.