Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,355 shares of the software maker's stock after acquiring an additional 12,566 shares during the period. Daiwa Securities Group Inc.'s holdings in Workday were worth $10,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Simplicity Wealth LLC lifted its position in shares of Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after acquiring an additional 37 shares in the last quarter. Marcum Wealth LLC lifted its position in shares of Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after acquiring an additional 41 shares in the last quarter. Custom Index Systems LLC lifted its position in shares of Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after acquiring an additional 41 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after acquiring an additional 43 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Workday by 0.9% in the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker's stock valued at $1,243,000 after acquiring an additional 43 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $26,729,781.44. This represents a 39.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Harry Sauer sold 3,677 shares of the company's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total value of $926,236.30. Following the sale, the insider now owns 79,576 shares of the company's stock, valued at approximately $20,045,194.40. This represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock worth $113,033,319 over the last 90 days. Company insiders own 20.00% of the company's stock.

Workday Trading Down 0.0 %

NASDAQ:WDAY traded down $0.07 during midday trading on Tuesday, hitting $242.93. The stock had a trading volume of 2,838,178 shares, compared to its average volume of 2,423,337. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a market capitalization of $64.62 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 3.55 and a beta of 1.38. The stock has a 50-day moving average of $257.71 and a 200 day moving average of $255.90. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last announced 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 return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on WDAY shares. StockNews.com downgraded Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their target price on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. Finally, Mizuho boosted their target price on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Ten research 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 stock. According to data from MarketBeat, Workday presently has an average rating of "Moderate Buy" and a consensus target price of $302.14.

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.