Erste Asset Management GmbH Purchases New Shares in Workday, Inc. (NASDAQ:WDAY)

Erste Asset Management GmbH acquired a new position in Workday, Inc. (NASDAQ:WDAY) during the third quarter, Holdings Channel.com reports. The firm acquired 33,216 shares of the software maker’s stock, valued at approximately $8,092,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Workday during the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. raised its holdings in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares in the last quarter. True Wealth Design LLC raised its holdings in Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after acquiring an additional 143 shares in the last quarter. New Millennium Group LLC boosted its stake in Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after acquiring an additional 94 shares during the last quarter. Finally, SouthState Corp grew its holdings in Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WDAY shares. StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research note on Thursday. JMP Securities restated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, September 19th. Stifel Nicolaus lifted their target price on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their price target on Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $288.14.

Workday Trading Down 1.3 %

Shares of WDAY stock opened at $249.99 on Monday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The firm has a market capitalization of $66.25 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 4.96 and a beta of 1.35. The stock has a fifty day moving average of $248.77 and a two-hundred day moving average of $237.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. As a group, research analysts expect that Workday, Inc. will post 2.4 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was 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 owns 281,000 shares of the company’s stock, valued at $68,004,810. This trade represents a 16.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. This trade represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 359,954 shares of company stock worth $88,742,132. 20.00% of the stock is owned by corporate insiders.

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.