MetLife Investment Management LLC Has $16.95 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

MetLife Investment Management LLC increased its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 392.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,681 shares of the software maker's stock after purchasing an additional 52,335 shares during the period. MetLife Investment Management LLC's holdings in Workday were worth $16,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Crews Bank & Trust purchased a new position in shares of Workday during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC acquired a new position in Workday in the 4th quarter valued at $25,000. Avion Wealth raised its holdings in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after acquiring an additional 86 shares during the last quarter. TCTC Holdings LLC purchased a new position in shares of Workday during the 4th quarter worth $35,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WDAY shares. The Goldman Sachs Group increased their target price on Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective on shares of Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Jefferies Financial Group lowered their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a report on Monday, March 31st. BMO Capital Markets increased their price target on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Mizuho decreased their price target on shares of Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $292.86.

Workday Stock Performance

Shares of NASDAQ:WDAY traded up $12.00 on Thursday, hitting $236.87. The company's stock had a trading volume of 1,685,062 shares, compared to its average volume of 2,629,536. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The stock's 50-day moving average is $241.68 and its two-hundred day moving average is $251.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $63.01 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In related news, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 81,275 shares of the firm'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 sale, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. The trade was a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock valued at $77,976,126 over the last quarter. Corporate insiders own 20.00% of the company's stock.

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.