Workday, Inc. (NASDAQ:WDAY) Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG raised its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,188 shares of the software maker's stock after buying an additional 18,272 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Workday were worth $25,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simplicity Wealth LLC lifted its holdings in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after acquiring an additional 37 shares during the period. Marcum Wealth LLC grew its position in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC increased its stake in Workday by 3.0% in the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after acquiring an additional 41 shares during the last quarter. AllSquare Wealth Management LLC increased its position in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after purchasing an additional 41 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its position in shares of Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after buying an additional 43 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Workday Trading Up 5.3 %

WDAY stock traded up $12.00 during trading on Thursday, hitting $236.87. The company had a trading volume of 1,685,062 shares, compared to its average volume of 2,629,536. The firm has a market capitalization of $63.01 billion, a P/E ratio of 39.28, a PEG ratio of 3.55 and a beta of 1.32. 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, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a 50 day simple moving average of $241.68 and a 200-day simple moving average of $251.76.

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

Insider Buying and Selling

In other Workday news, 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 value of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 321,724 shares of company stock worth $77,976,126. Insiders own 20.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on WDAY. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Canaccord Genuity Group raised their price objective on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Piper Sandler cut their price objective on Workday from $290.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday. DA Davidson reduced their price objective on shares of Workday from $270.00 to $230.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Guggenheim restated a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. Ten equities research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.86.

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.