DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 1,474 Shares of Workday, Inc. (NASDAQ:WDAY)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 82.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 308 shares of the software maker's stock after selling 1,474 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Workday were worth $79,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new position in Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in shares of Workday in the fourth quarter valued at $26,000. Avion Wealth lifted its position in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares during the last quarter. TCTC Holdings LLC bought a new position in shares of Workday during the 4th quarter worth $35,000. Finally, Rakuten Securities Inc. grew its stake in shares of Workday by 78.6% during the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after acquiring an additional 66 shares during the period. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In other news, CAO Mark S. Garfield sold 497 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the transaction, the chief accounting officer now owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the sale, the insider now owns 102,997 shares in the company, valued at $22,111,395.96. This represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock valued at $77,976,126 over the last three months. Corporate insiders own 19.31% of the company's stock.

Workday Trading Down 0.6%

Shares of NASDAQ WDAY traded down $1.66 during midday trading on Friday, reaching $273.05. The company had a trading volume of 2,328,351 shares, compared to its average volume of 2,568,020. The stock has a market cap of $72.63 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm's fifty day moving average price is $239.97 and its 200-day moving average price is $253.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last announced 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). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate 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 anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

WDAY has been the subject of several recent research reports. Scotiabank reduced their price target on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 target price on shares of Workday in a report on Monday, March 24th. Loop Capital increased their price target on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. The Goldman Sachs Group raised their price target on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 price target on shares of Workday in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and a consensus target price of $293.62.

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.