Erste Asset Management GmbH Trims Holdings in Workday, Inc. (NASDAQ:WDAY)

Erste Asset Management GmbH trimmed its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,252 shares of the software maker's stock after selling 13,964 shares during the period. Erste Asset Management GmbH's holdings in Workday were worth $5,126,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WDAY. Raymond James Financial Inc. bought a new stake in Workday during the fourth quarter worth about $194,679,000. Two Sigma Advisers LP boosted its holdings in Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock worth $150,019,000 after acquiring an additional 562,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Workday by 62.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker's stock worth $350,921,000 after acquiring an additional 524,799 shares in the last quarter. KBC Group NV grew its stake in shares of Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker's stock worth $169,199,000 after acquiring an additional 506,812 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock valued at $1,218,415,000 after acquiring an additional 480,459 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $26,729,781.44. This trade represents a 39.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction 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 transaction, the insider now owns 111,324 shares of the company's stock, valued at $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 435,829 shares of company stock worth $113,033,319 in the last three months. Corporate insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WDAY shares. Guggenheim reissued a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. Daiwa America raised shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group upped their price objective on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upped their price target on Workday from $300.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Barclays reduced their price objective on Workday from $314.00 to $305.00 and set an "overweight" rating for the company in a report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $300.36.

Workday Stock Up 2.9 %

WDAY traded up $7.09 on Monday, hitting $251.26. The company had a trading volume of 839,038 shares, compared to its average volume of 2,415,507. The stock has a fifty day moving average price of $256.91 and a 200-day moving average price of $255.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The stock has a market capitalization of $66.83 billion, a price-to-earnings ratio of 41.62, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly 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). The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal 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.