APG Asset Management N.V. Has $38 Million Stake in Workday, Inc. (NASDAQ:WDAY)

APG Asset Management N.V. increased its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 243.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,500 shares of the software maker's stock after purchasing an additional 108,035 shares during the period. APG Asset Management N.V. owned 0.06% of Workday worth $38,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new stake in shares of Workday during the third quarter valued at $345,000. Integrated Wealth Concepts LLC lifted its holdings in Workday by 8.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,646 shares of the software maker's stock valued at $402,000 after purchasing an additional 130 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Workday by 43.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 5,199 shares of the software maker's stock worth $1,271,000 after purchasing an additional 1,573 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Workday by 51.5% during the third quarter. EP Wealth Advisors LLC now owns 3,714 shares of the software maker's stock worth $908,000 after buying an additional 1,262 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Workday by 122.5% in the third quarter. National Bank of Canada FI now owns 53,844 shares of the software maker's stock valued at $13,160,000 after buying an additional 29,644 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

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Workday Stock Performance

WDAY stock traded up $2.99 on Monday, reaching $229.50. The company's stock had a trading volume of 821,027 shares, compared to its average volume of 2,605,331. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $61.05 billion, a P/E ratio of 38.06, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The firm has a fifty day moving average of $248.47 and a two-hundred day moving average of $252.86.

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

Insiders Place Their Bets

In related news, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now owns 111,324 shares of the company's stock, valued at $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 321,227 shares of company stock worth $77,863,531. 20.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WDAY. JPMorgan Chase & Co. boosted their price target on Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Guggenheim reiterated a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Piper Sandler increased their price objective on shares of Workday from $270.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Morgan Stanley lowered shares of Workday from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $330.00 to $275.00 in a report on Wednesday, February 19th. Finally, KeyCorp boosted their price objective on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.18.

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.