Andra AP fonden Has $12.48 Million Holdings in Workday, Inc. $WDAY

Andra AP fonden lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 22.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,070 shares of the software maker’s stock after purchasing an additional 17,500 shares during the quarter. Andra AP fonden’s holdings in Workday were worth $12,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. purchased a new position in Workday during the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday during the 3rd quarter valued at $26,000. DT Investment Partners LLC acquired a new stake in shares of Workday during the 4th quarter valued at $27,000. LRI Investments LLC acquired a new stake in shares of Workday during the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Workday during the 3rd quarter valued at $30,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other news, insider Robert Enslin sold 5,374 shares of the stock in a transaction that occurred on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the completion of the sale, the insider directly owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total transaction of $862,200.00. Following the completion of the sale, the chief financial officer owned 288,460 shares in the company, valued at approximately $41,451,702. The trade was a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 875,020 shares of company stock worth $113,938,503. Company insiders own 18.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Workday from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Bank of America began coverage on Workday in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $140.00 price target for the company. Barclays upgraded shares of Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday, June 17th. Finally, DA Davidson set a $135.00 price target on shares of Workday in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $179.80.

Workday Stock Down 4.1%

Shares of Workday stock opened at $141.17 on Wednesday. The stock has a market capitalization of $34.87 billion, a P/E ratio of 44.12, a PEG ratio of 1.57 and a beta of 1.11. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $132.42 and a two-hundred day moving average price of $143.01. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $2.23 EPS. Equities analysts expect that Workday, Inc. will post 5.35 earnings per share for the current year.

Workday Company 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.