Andra AP fonden Trims Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Andra AP fonden reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,800 shares of the software maker's stock after selling 5,800 shares during the quarter. Andra AP fonden's holdings in Workday were worth $18,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Bristlecone Advisors LLC increased its position in Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock worth $754,000 after purchasing an additional 968 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Workday by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock worth $7,934,000 after purchasing an additional 1,978 shares during the period. Grafton Street Partners Fund LP purchased a new position in shares of Workday in the 3rd quarter valued at about $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Workday by 32.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker's stock valued at $7,791,000 after purchasing an additional 7,802 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock worth $182,753,000 after buying an additional 119,769 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts have issued reports on WDAY shares. Oppenheimer increased their target price on shares of Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. BMO Capital Markets raised their price objective on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. UBS Group boosted their target price on Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Piper Sandler raised their price target on Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and an average target price of $302.14.

Insider Buying and Selling at Workday

In related news, insider Richard Harry Sauer sold 3,677 shares of the firm's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total transaction of $926,236.30. Following the sale, the insider now directly owns 79,576 shares in the company, valued at approximately $20,045,194.40. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the completion of the sale, the insider now directly owns 284,000 shares of the company's stock, valued at $78,188,040. This trade represents a 16.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 435,829 shares of company stock valued at $113,033,319 over the last ninety days. Corporate insiders own 20.00% of the company's stock.

Workday Trading Down 0.5 %

Shares of NASDAQ WDAY traded down $1.26 during trading on Wednesday, hitting $241.67. 2,274,479 shares of the company traded hands, compared to its average volume of 2,303,749. The firm has a market capitalization of $64.28 billion, a P/E ratio of 40.08, a P/E/G ratio of 3.55 and a beta of 1.38. 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 company has a 50-day moving average price of $257.71 and a 200-day moving average price of $255.90. Workday, Inc. has a 1 year low of $199.81 and a 1 year 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

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.