Czech National Bank Takes $11.92 Million Position in Workday, Inc. (NASDAQ:WDAY)

Czech National Bank purchased a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 46,183 shares of the software maker's stock, valued at approximately $11,917,000.

Several other institutional investors also recently modified their holdings of WDAY. Sanctuary Advisors LLC boosted its position in shares of Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock worth $7,934,000 after buying an additional 1,978 shares during the period. Grafton Street Partners Fund LP purchased a new stake in Workday in the 3rd quarter worth about $4,424,000. ICICI Prudential Asset Management Co Ltd boosted its position in Workday by 32.4% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker's stock worth $7,791,000 after acquiring an additional 7,802 shares during the period. Nordea Investment Management AB boosted its position in Workday by 20.5% during the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock worth $182,753,000 after acquiring an additional 119,769 shares during the period. Finally, Legal & General Group Plc grew its stake in Workday by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock valued at $384,518,000 after acquiring an additional 118,180 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Workday Stock Performance

Workday stock traded up $0.03 on Tuesday, hitting $246.03. The company's stock had a trading volume of 2,209,662 shares, compared to its average volume of 2,041,707. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The firm has a market cap of $65.44 billion, a P/E ratio of 40.80, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. 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 fifty day moving average price of $262.75 and a 200-day moving average price of $246.44.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly 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 firm had revenue of $2.16 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. On average, equities analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Sayan Chakraborty sold 5,498 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares of the company's stock, valued at approximately $30,369,458. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 57,000 shares of Workday 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 transaction, the insider now 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 sold 382,347 shares of company stock worth $99,225,903 in the last 90 days. 20.00% of the stock is owned by company insiders.

Analyst Ratings Changes

WDAY has been the subject of several research reports. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a report on Monday. Citigroup lowered their price target on shares of Workday from $274.00 to $270.00 and set a "neutral" rating on the stock in a report on Wednesday, September 25th. Piper Sandler reiterated a "neutral" rating and set a $270.00 price objective (down from $285.00) on shares of Workday in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on Workday from $315.00 to $330.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Barclays dropped their target price on Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.25.

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.