Achmea Investment Management B.V. Decreases Stake in Workday, Inc. (NASDAQ:WDAY)

Achmea Investment Management B.V. reduced its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 196,663 shares of the software maker's stock after selling 2,712 shares during the quarter. Workday comprises about 0.8% of Achmea Investment Management B.V.'s portfolio, making the stock its 16th largest holding. Achmea Investment Management B.V. owned about 0.07% of Workday worth $50,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in Workday in the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in Workday in the 4th quarter worth approximately $26,000. Avion Wealth increased its holdings in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after buying an additional 86 shares during the period. Meeder Asset Management Inc. increased its holdings in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after buying an additional 43 shares during the period. Finally, New Millennium Group LLC increased its holdings in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock worth $36,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their price objective on shares of Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Scotiabank raised their price objective on shares of Workday from $340.00 to $355.00 and gave the stock a "sector outperform" rating in a research note on Thursday, February 27th. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Redburn Atlantic initiated coverage on shares of Workday in a research note on Wednesday, February 19th. They set a "neutral" rating on the stock. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Workday has a consensus rating of "Moderate Buy" and a consensus price target of $302.14.

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Workday Trading Down 0.5 %

Shares of WDAY stock opened at $241.67 on Thursday. The stock's fifty day moving average is $257.38 and its two-hundred day moving average is $255.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $64.28 billion, a P/E ratio of 40.08, a PEG ratio of 3.55 and a beta of 1.38. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 66,455 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $26,729,781.44. This trade represents a 39.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,829 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now directly owns 6,845 shares of the company's stock, valued at $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 435,829 shares of company stock worth $113,033,319 in the last quarter. Company insiders own 20.00% of the company's stock.

About Workday

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.

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