Union Bancaire Privee UBP SA Takes $8.98 Million Position in Workday, Inc. (NASDAQ:WDAY)

Union Bancaire Privee UBP SA acquired a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 35,732 shares of the software maker's stock, valued at approximately $8,984,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Workday by 28.6% during the fourth quarter. Blue Trust Inc. now owns 3,943 shares of the software maker's stock valued at $964,000 after acquiring an additional 877 shares during the period. M3 Advisory Group LLC acquired a new position in shares of Workday in the 4th quarter valued at $201,000. Duncan Williams Asset Management LLC increased its stake in Workday by 13.9% in the fourth quarter. Duncan Williams Asset Management LLC now owns 2,653 shares of the software maker's stock valued at $685,000 after acquiring an additional 323 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Workday in the 4th quarter valued at approximately $1,084,000. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Workday by 9.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,127 shares of the software maker's stock valued at $2,097,000 after purchasing an additional 688 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Transactions at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. The trade was a 1.32 % 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 70,003 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at approximately $25,872,846.40. This represents a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock valued at $113,142,592 over the last three months. Company insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of several analyst reports. Mizuho lifted their price target on shares of Workday from $280.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Scotiabank assumed coverage on shares of Workday in a research note on Monday, November 18th. They issued a "sector outperform" rating and a $340.00 target price for the company. Royal Bank of Canada increased their price target on Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on Workday from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Loop Capital decreased their target price on Workday from $270.00 to $242.00 and set a "hold" rating on the stock in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and a consensus target price of $292.25.

Workday Trading Up 2.3 %

NASDAQ:WDAY traded up $5.97 on Monday, reaching $264.25. The company's stock had a trading volume of 2,596,052 shares, compared to its average volume of 2,063,319. The firm has a market cap of $70.29 billion, a PE ratio of 43.82, a PEG ratio of 4.58 and a beta of 1.34. 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 business's 50-day moving average price is $260.91 and its two-hundred day moving average price is $247.93. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share 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.