B. Metzler seel. Sohn & Co. AG Has $7.14 Million Position in Workday, Inc. (NASDAQ:WDAY)

B. Metzler seel. Sohn & Co. AG lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,658 shares of the software maker's stock after acquiring an additional 1,742 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Workday were worth $7,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares during the last quarter. Norges Bank acquired a new position in Workday during the fourth quarter worth $645,710,000. Parnassus Investments LLC raised its position in Workday by 562.2% during the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after acquiring an additional 2,078,097 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Workday in the fourth quarter valued at $194,679,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Workday by 180.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,158,549 shares of the software maker's stock valued at $295,071,000 after acquiring an additional 745,435 shares during the period. Institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

WDAY has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Workday from $270.00 to $310.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Daiwa America raised Workday to a "strong-buy" rating in a report on Tuesday, March 4th. KeyCorp lifted their price objective on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Redburn Atlantic assumed coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Finally, Jefferies Financial Group reduced their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a report on Monday. Ten investment 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.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $300.18.

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Insider Activity

In related news, major shareholder David A. Duffield sold 70,144 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $25,776,029.22. This trade represents a 40.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 431,145 shares of company stock valued at $108,631,438. Insiders own 20.00% of the company's stock.

Workday Price Performance

WDAY traded up $0.86 on Wednesday, reaching $235.39. The stock had a trading volume of 1,924,836 shares, compared to its average volume of 2,531,452. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $62.61 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth 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. The firm has a 50-day moving average of $255.66 and a 200-day moving average of $254.45.

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

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.