Mitsubishi UFJ Trust & Banking Corp Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 230,729 shares of the software maker's stock after buying an additional 4,104 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of Workday worth $59,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WDAY. Roxbury Financial LLC acquired a new stake in shares of Workday during the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in Workday in the fourth quarter valued at approximately $26,000. Avion Wealth grew its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC purchased a new stake in Workday in the 4th quarter worth $35,000. Finally, True Wealth Design LLC raised its position in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock worth $36,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on WDAY shares. Guggenheim reissued a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Piper Sandler boosted their price objective on Workday from $270.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Morgan Stanley lowered Workday from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $330.00 to $275.00 in a research note on Wednesday, February 19th. Oppenheimer increased their price objective on Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, KeyCorp raised their price objective on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Ten equities research 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 stock. According to data from MarketBeat, Workday has an average rating of "Moderate Buy" and an average target price of $300.36.

Remove Ads

Workday Stock Down 2.5 %

Shares of WDAY traded down $6.06 during mid-day trading on Friday, hitting $238.49. 1,888,639 shares of the company's stock were exchanged, compared to its average volume of 2,522,044. The stock's 50-day moving average is $256.67 and its 200-day moving average is $254.83. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a market cap of $63.44 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly 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). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. On average, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the transaction, the director now owns 75,000 shares in the company, valued at $18,099,750. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sayan Chakraborty sold 6,056 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 487,145 shares of company stock valued at $123,289,438 in the last three months. 20.00% of the stock is owned by corporate insiders.

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.