Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,217 shares of the software maker's stock after purchasing an additional 6,518 shares during the period. Asset Management One Co. Ltd.'s holdings in Workday were worth $22,688,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 70,090 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at $26,215,826.41. This trade represents a 40.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the transaction, the insider now owns 121,100 shares of the company's stock, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 in the last three months. 20.00% of the stock is owned by insiders.

Workday Trading Down 1.7 %

WDAY stock traded down $4.62 during midday trading on Wednesday, hitting $261.10. The stock had a trading volume of 2,596,261 shares, compared to its average volume of 2,084,576. The company's 50-day moving average price is $261.59 and its 200 day moving average price is $252.41. 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 firm has a market cap of $69.45 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 3.51 and a beta of 1.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Workday from $310.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Loop Capital raised their price target on shares of Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday. Mizuho upped their price objective on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their target price on Workday from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, Oppenheimer restated an "outperform" rating and set a $300.00 price target on shares of Workday in a report on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.11.

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.