Skandinaviska Enskilda Banken AB publ Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 13.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 47,060 shares of the software maker’s stock after purchasing an additional 5,419 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Workday were worth $10,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in Workday by 17,345.2% during the second quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after purchasing an additional 925,366 shares in the last quarter. Vanguard Group Inc. increased its holdings in Workday by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock worth $3,988,549,000 after acquiring an additional 437,215 shares in the last quarter. Kodai Capital Management LP bought a new stake in Workday during the 4th quarter worth approximately $85,994,000. Sustainable Growth Advisers LP lifted its holdings in Workday by 9.7% during the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock valued at $927,998,000 after purchasing an additional 301,463 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Workday by 12.4% in the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock worth $693,382,000 after purchasing an additional 281,207 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $247.59, for a total transaction of $14,112,630.00. Following the completion of the sale, the insider now directly owns 505,000 shares of the company’s stock, valued at $125,032,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Workday news, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total transaction of $14,112,630.00. Following the completion of the sale, the insider now directly owns 505,000 shares of the company’s stock, valued at approximately $125,032,950. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $223.80, for a total value of $12,532,800.00. Following the transaction, the insider now directly owns 674,000 shares in the company, valued at approximately $150,841,200. The disclosure for this sale can be found here. Insiders have sold a total of 467,402 shares of company stock worth $109,864,184 over the last quarter. Company insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $285.00 target price on shares of Workday in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Friday, September 13th. Loop Capital lifted their price objective on shares of Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $300.00 target price on shares of Workday in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $286.48.

Workday Price Performance

WDAY stock opened at $248.29 on Friday. The stock has a market cap of $65.80 billion, a PE ratio of 44.74, a P/E/G ratio of 5.07 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a 50-day moving average price of $237.48 and a 200 day moving average price of $242.12. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

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 the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts anticipate that Workday, Inc. will post 2.39 earnings per share for the current year.

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.