Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 22.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,762 shares of the software maker's stock after buying an additional 12,284 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Workday were worth $17,227,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bristlecone Advisors LLC boosted its holdings in shares of Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock worth $754,000 after acquiring an additional 968 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock worth $7,934,000 after buying an additional 1,978 shares in the last quarter. Grafton Street Partners Fund LP purchased a new position in Workday during the third quarter valued at approximately $4,424,000. ICICI Prudential Asset Management Co Ltd increased its holdings in Workday by 32.4% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker's stock worth $7,791,000 after acquiring an additional 7,802 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock worth $182,753,000 after purchasing an additional 119,769 shares in the last quarter. 89.81% of the stock is owned by institutional investors.
In other news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $26,729,781.44. The trade was a 39.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock worth $113,033,319 in the last quarter. 20.00% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on WDAY shares. UBS Group increased their price target on shares of Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Piper Sandler upped their target price on Workday from $270.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Barclays reduced their price target on Workday from $314.00 to $305.00 and set an "overweight" rating for the company in a report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, Bank of America dropped their price objective on shares of Workday from $310.00 to $285.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. Ten 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $302.14.
Read Our Latest Research Report on WDAY
Shares of WDAY stock traded down $1.26 during midday trading on Wednesday, reaching $241.67. 2,332,199 shares of the company were exchanged, compared to its average volume of 2,422,728. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a market cap of $64.28 billion, a P/E ratio of 40.08, a PEG ratio of 3.55 and a beta of 1.38. The company's 50 day moving average price is $257.71 and its two-hundred day moving average price is $255.90. 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 (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 analysts' consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. On average, sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.
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.
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