DekaBank Deutsche Girozentrale Trims Stock Position in Workday, Inc. (NASDAQ:WDAY)

DekaBank Deutsche Girozentrale lessened its holdings in Workday, Inc. (NASDAQ:WDAY) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,146 shares of the software maker’s stock after selling 19,494 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Workday were worth $18,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. BOKF NA increased its stake in shares of Workday by 67.3% in the 2nd quarter. BOKF NA now owns 4,096 shares of the software maker’s stock valued at $916,000 after purchasing an additional 1,648 shares in the last quarter. Achmea Investment Management B.V. increased its stake in shares of Workday by 0.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 194,291 shares of the software maker’s stock valued at $43,436,000 after purchasing an additional 1,083 shares in the last quarter. Qsemble Capital Management LP increased its stake in shares of Workday by 115.2% in the 2nd quarter. Qsemble Capital Management LP now owns 9,073 shares of the software maker’s stock valued at $2,028,000 after purchasing an additional 4,856 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of Workday in the 2nd quarter valued at about $721,000. Finally, Angeles Wealth Management LLC increased its stake in shares of Workday by 30.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,406 shares of the software maker’s stock valued at $314,000 after purchasing an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $218.58, for a total value of $12,240,480.00. Following the sale, the insider now owns 730,000 shares of the company’s stock, valued at $159,563,400. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the completion of the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at $22,990,500. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the completion of the sale, the insider now directly owns 730,000 shares in the company, valued at approximately $159,563,400. The disclosure for this sale can be found here. Insiders have sold a total of 466,402 shares of company stock valued at $107,992,034 over the last quarter. 20.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WDAY shares. Canaccord Genuity Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Friday, May 24th. Sanford C. Bernstein lowered their price objective on Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Mizuho lowered their price objective on Workday from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Finally, Stifel Nicolaus lifted their price objective on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.15.

Workday Stock Down 0.5 %

Shares of NASDAQ WDAY opened at $250.05 on Monday. The firm has a market cap of $66.26 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 5.40 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The business’s 50 day moving average is $235.24 and its two-hundred day moving average is $243.02.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. Research analysts predict that Workday, Inc. will post 2.27 EPS for the current year.

Workday 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.