Swedbank AB Acquires 14,682 Shares of Workday, Inc. (NASDAQ:WDAY)

Swedbank AB raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,529 shares of the software maker’s stock after purchasing an additional 14,682 shares during the period. Swedbank AB’s holdings in Workday were worth $25,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Two Sigma Advisers LP boosted its stake in shares of Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after buying an additional 562,400 shares during the period. KBC Group NV grew its holdings in shares of Workday by 340.3% during the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after purchasing an additional 506,812 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after purchasing an additional 480,459 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Workday in the 3rd quarter valued at approximately $78,003,000. Finally, Lindbrook Capital LLC raised its position in Workday by 17,001.6% during the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock valued at $703,000 after purchasing an additional 284,266 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WDAY. Royal Bank of Canada boosted their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Scotiabank initiated coverage on shares of Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and increased their price target for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Finally, Guggenheim raised Workday from a “sell” rating to a “neutral” rating in a report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus price target of $292.25.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $260.07 on Friday. 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 firm has a market capitalization of $69.18 billion, a PE ratio of 43.13, a P/E/G ratio of 4.58 and a beta of 1.34. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a 50-day moving average price of $261.34 and a two-hundred day moving average price of $248.60.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. Equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This represents a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the sale, the insider now directly owns 121,100 shares in the company, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 over the last quarter. 20.00% of the stock is currently 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.