Generali Asset Management SPA SGR Purchases Shares of 14,155 Workday, Inc. (NASDAQ:WDAY)

Generali Asset Management SPA SGR acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,155 shares of the software maker's stock, valued at approximately $3,652,000.

A number of other hedge funds also recently bought and sold shares of WDAY. Bristlecone Advisors LLC raised its stake in shares of Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock worth $754,000 after acquiring an additional 968 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Workday by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock valued at $7,934,000 after purchasing an additional 1,978 shares during the last quarter. Nordea Investment Management AB raised its position in Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock worth $182,753,000 after purchasing an additional 119,769 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Workday in the fourth quarter worth $369,000. Finally, Worldquant Millennium Advisors LLC lifted its stake in Workday by 387.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker's stock worth $86,926,000 after purchasing an additional 282,632 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Activity

In related news, Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now directly owns 6,845 shares in the company, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 71,672 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $248.58, for a total value of $17,816,225.76. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $25,602,994.26. This trade represents a 41.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 473,001 shares of company stock worth $120,614,400 over the last 90 days. 20.00% of the stock is currently owned by insiders.

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Workday Stock Down 0.4 %

WDAY stock traded down $0.98 on Friday, reaching $249.49. 2,831,817 shares of the company traded hands, compared to its average volume of 2,429,207. 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 fifty day simple moving average of $256.76 and a 200-day simple moving average of $255.11. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a market cap of $66.36 billion, a P/E ratio of 41.37, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on WDAY. Mizuho lifted their price objective on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Loop Capital boosted their price objective on Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. Royal Bank of Canada raised their target price on shares of Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their target price on shares of Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Redburn Atlantic started coverage on shares of Workday in a research report on Wednesday, February 19th. They set a "neutral" rating for the company. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.36.

Workday 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.