84,468 Shares in Workday, Inc. $WDAY Acquired by Nykredit A S

Nykredit A S bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 84,468 shares of the software maker’s stock, valued at approximately $10,341,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after buying an additional 2,792 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after acquiring an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after acquiring an additional 127 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Workday in the second quarter valued at $281,000. Finally, NewEdge Advisors LLC increased its stake in Workday by 32.0% in the second quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock valued at $1,583,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total value of $862,200.00. Following the completion of the sale, the chief financial officer directly owned 288,460 shares of the company’s stock, valued at approximately $41,451,702. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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, insider Robert Enslin sold 5,374 shares of the stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the transaction, the insider directly owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. The trade was a 2.19% decrease in their ownership of the stock. 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 sold 862,481 shares of company stock valued at $116,785,581. Insiders own 18.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WDAY shares. Guggenheim reaffirmed a “buy” rating and set a $275.00 price target on shares of Workday in a research note on Friday, August 21st. Oppenheimer increased their price objective on Workday from $165.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Capital One Financial set a $219.00 price objective on Workday and gave the company an “equal weight” rating in a report on Friday, August 28th. DA Davidson boosted their target price on Workday from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Finally, Barclays upped their target price on Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Twenty equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Workday presently has an average rating of “Hold” and a consensus target price of $206.34.

Workday Trading Down 5.4%

Shares of WDAY stock opened at $195.79 on Friday. The business has a 50-day moving average of $166.01 and a 200 day moving average of $142.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $249.85. The stock has a market capitalization of $48.36 billion, a PE ratio of 39.71, a P/E/G ratio of 1.98 and a beta of 1.08.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 earnings per share. As a group, sell-side analysts anticipate that Workday, Inc. will post 5.3 earnings per share for the current year.

Workday 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.