Czech National Bank Purchases 2,969 Shares of Workday, Inc. (NASDAQ:WDAY)

Czech National Bank lifted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,152 shares of the software maker's stock after buying an additional 2,969 shares during the quarter. Czech National Bank's holdings in Workday were worth $11,478,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Crews Bank & Trust bought a new stake in Workday during the fourth quarter worth approximately $26,000. Roxbury Financial LLC bought a new stake in Workday during the fourth quarter worth approximately $25,000. Avion Wealth boosted its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC bought a new stake in Workday during the fourth quarter worth approximately $35,000. Finally, Rakuten Securities Inc. boosted its position in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after purchasing an additional 66 shares during the period. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler reaffirmed a "neutral" rating and set a $255.00 target price (up previously from $230.00) on shares of Workday in a research report on Friday, May 23rd. JPMorgan Chase & Co. decreased their target price on Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Mizuho decreased their target price on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley set a $255.00 price objective on Workday and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Finally, The Goldman Sachs Group increased their price objective on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $293.54.

Insider Transactions at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the sale, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 15,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $243.17, for a total value of $3,647,550.00. Following the sale, the insider now owns 45,000 shares in the company, valued at $10,942,650. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,338 shares of company stock worth $59,875,701. Insiders own 19.31% of the company's stock.

Workday Price Performance

Workday stock traded up $0.62 during mid-day trading on Thursday, hitting $250.10. 1,735,805 shares of the company were exchanged, compared to its average volume of 2,478,702. 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 business has a fifty day moving average of $242.22 and a 200 day moving average of $253.08. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a market capitalization of $66.53 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping the consensus estimate of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current 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.