Deutsche Bank AG Purchases 196,498 Shares of Workday, Inc. (NASDAQ:WDAY)

Deutsche Bank AG boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 879,953 shares of the software maker’s stock after buying an additional 196,498 shares during the quarter. Deutsche Bank AG’s holdings in Workday were worth $227,054,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Roxbury Financial LLC acquired a new stake in shares of Workday in the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new stake in Workday in the fourth quarter valued at approximately $26,000. Avion Wealth increased its position in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC bought a new position in Workday during the 4th quarter worth approximately $35,000. Finally, Rakuten Securities Inc. lifted its position in shares of Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after purchasing an additional 66 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

Shares of NASDAQ WDAY opened at $259.01 on Friday. The company has a market capitalization of $68.90 billion, a PE ratio of 42.95, a PEG ratio of 3.55 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $238.49 and its 200-day moving average price is $252.15. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

WDAY has been the subject of a number of analyst reports. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. DA Davidson lowered their price objective on Workday from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Oppenheimer upped their target price on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Redburn Atlantic assumed coverage on Workday in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. Finally, Scotiabank cut their price target on Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.62.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the transaction, the chief executive officer now owns 10,847 shares of the company’s stock, valued at $2,544,814.67. This represents a 22.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 321,724 shares of company stock worth $77,976,126. 19.31% of the stock is owned by company 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.