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

Assenagon Asset Management S.A. raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 38.0% during the third quarter, HoldingsChannel reports. The fund owned 738,137 shares of the software maker’s stock after acquiring an additional 203,234 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Workday were worth $177,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WDAY. Vanguard Group Inc. raised its stake in shares of Workday by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock valued at $5,067,404,000 after purchasing an additional 515,529 shares in the last quarter. State Street Corp increased its holdings in Workday by 3.3% in the second quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock valued at $2,304,124,000 after buying an additional 303,713 shares during the last quarter. Geode Capital Management LLC raised its stake in Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock valued at $1,183,112,000 after buying an additional 140,042 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after buying an additional 1,211,659 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Workday by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after buying an additional 14,354 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 82,025 shares of Workday stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $212.19, for a total transaction of $17,404,884.75. Following the sale, the insider directly owned 105,049 shares in the company, valued at $22,290,347.31. The trade was a 43.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the sale, the chief executive officer directly owned 20,222 shares of the company’s stock, valued at $4,803,129.44. The trade was a 23.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 251,074 shares of company stock worth $57,717,721 in the last ninety days. 20.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Wednesday, September 17th. Cowen reaffirmed a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Morgan Stanley boosted their target price on shares of Workday from $255.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Citizens Jmp restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research report on Wednesday, November 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

Workday Price Performance

NASDAQ WDAY opened at $216.11 on Wednesday. The company has a 50-day moving average price of $228.21 and a two-hundred day moving average price of $232.26. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $283.68. The stock has a market cap of $56.84 billion, a price-to-earnings ratio of 90.80, a price-to-earnings-growth ratio of 2.44 and a beta of 1.15. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

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.