Mizuho Securities USA LLC Takes $5.21 Million Position in Workday, Inc. (NASDAQ:WDAY)

Mizuho Securities USA LLC bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 20,188 shares of the software maker's stock, valued at approximately $5,209,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parnassus Investments LLC grew its position in Workday by 562.2% during the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after acquiring an additional 2,078,097 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Workday in the fourth quarter valued at about $194,679,000. Two Sigma Advisers LP lifted its position in Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock worth $150,019,000 after buying an additional 562,400 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Workday by 62.8% during the 4th 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 during the last quarter. Finally, KBC Group NV increased its position in Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker's stock valued at $169,199,000 after acquiring an additional 506,812 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the sale, the director now directly owns 75,000 shares in the company, valued at approximately $18,099,750. The trade was a 9.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $17,816,225.76. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $25,602,994.26. This trade represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 417,001 shares of company stock worth $105,735,200. Corporate insiders own 20.00% of the company's stock.

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Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of research reports. Oppenheimer upped their target price on shares of Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Loop Capital increased 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. Guggenheim reissued a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Workday from a "hold" rating to a "buy" rating and upped their price target for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Finally, Bank of America lowered their price objective on Workday from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Workday has a consensus rating of "Moderate Buy" and a consensus price target of $300.36.

Workday Stock Up 1.2 %

Shares of Workday stock traded up $3.00 on Tuesday, hitting $252.91. The company had a trading volume of 666,076 shares, compared to its average volume of 2,426,144. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. 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 stock has a 50-day moving average of $256.83 and a 200-day moving average of $255.05. The firm has a market capitalization of $67.27 billion, a P/E ratio of 41.94, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

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.