APG Asset Management US Inc. Has $1.73 Million Position in Workday, Inc. (NASDAQ:WDAY)

APG Asset Management US Inc. decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,705 shares of the software maker's stock after selling 5,996 shares during the period. APG Asset Management US Inc.'s holdings in Workday were worth $1,730,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Martingale Asset Management L P bought a new position in shares of Workday during the 4th quarter valued at about $362,000. Azimuth Capital Investment Management LLC boosted its position in Workday by 0.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 67,201 shares of the software maker's stock worth $17,340,000 after purchasing an additional 267 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Workday by 243.0% during the fourth quarter. APG Asset Management N.V. now owns 152,500 shares of the software maker's stock valued at $38,001,000 after purchasing an additional 108,035 shares in the last quarter. Advisory Services Network LLC lifted its stake in Workday by 27.6% in the 4th quarter. Advisory Services Network LLC now owns 703 shares of the software maker's stock worth $181,000 after purchasing an additional 152 shares in the last quarter. Finally, Abacus FCF Advisors LLC raised its holdings in Workday by 45.4% during the 4th quarter. Abacus FCF Advisors LLC now owns 10,722 shares of the software maker's stock valued at $2,767,000 after buying an additional 3,348 shares during the period. Institutional investors own 89.81% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 target price on shares of Workday in a research report on Thursday, February 6th. Citigroup decreased their price target on shares of Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Workday from a "hold" rating to a "buy" rating and raised their price objective for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $300.18.

Insider Transactions at Workday

In related news, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the sale, the director now directly owns 75,000 shares of the company's stock, valued at $18,099,750. This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 321,227 shares of company stock worth $77,863,531 over the last ninety days. 20.00% of the stock is currently owned by company insiders.

Workday Stock Up 1.0 %

Shares of NASDAQ:WDAY traded up $2.24 during trading hours on Monday, hitting $228.75. The company's stock had a trading volume of 886,623 shares, compared to its average volume of 2,605,631. The firm's fifty day moving average price is $248.47 and its 200 day moving average price is $252.86. The company has a market capitalization of $60.85 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 3.55 and a beta of 1.32. 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.

Workday (NASDAQ:WDAY - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $2.18 billion. As a group, research analysts expect 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.