Workday, Inc. (NASDAQ:WDAY) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 40.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 59,685 shares of the software maker’s stock after purchasing an additional 17,144 shares during the quarter. Handelsbanken Fonder AB’s holdings in Workday were worth $16,477,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of WDAY. CWM LLC grew its holdings in shares of Workday by 48.1% in the 4th quarter. CWM LLC now owns 5,467 shares of the software maker’s stock worth $1,509,000 after acquiring an additional 1,776 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Workday by 2.5% in the 4th quarter. Signaturefd LLC now owns 3,466 shares of the software maker’s stock worth $957,000 after acquiring an additional 86 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Workday by 6.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 7,096 shares of the software maker’s stock worth $1,959,000 after acquiring an additional 425 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Workday by 13.1% in the 4th quarter. Lindbrook Capital LLC now owns 570 shares of the software maker’s stock worth $157,000 after acquiring an additional 66 shares during the last quarter. Finally, abrdn plc grew its holdings in shares of Workday by 28.5% in the 4th quarter. abrdn plc now owns 206,217 shares of the software maker’s stock worth $56,928,000 after acquiring an additional 45,737 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WDAY has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Citigroup raised their target price on Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Wells Fargo & Company raised their target price on Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Morgan Stanley decreased their target price on Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. Finally, BMO Capital Markets raised their target price on Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.61.

Workday Trading Up 1.3 %

Workday stock opened at $256.82 on Wednesday. Workday, Inc. has a 52 week low of $174.25 and a 52 week high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $67.80 billion, a PE ratio of 49.87, a PEG ratio of 6.33 and a beta of 1.32. The business’s 50-day simple moving average is $276.48 and its 200-day simple moving average is $263.66.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Richard Harry Sauer sold 8,447 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the sale, the insider now owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,691 shares of company stock valued at $117,731,569. Corporate insiders own 21.09% of the company’s stock.

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.