J. Safra Sarasin Holding AG Has $22.64 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Workday, Inc. by 1.3%, selling 1,250 shares to hold a total of 96,938 shares worth approximately $22.6 million.
• Several large investors, including Banco Santander and OVERSEA CHINESE BANKING Corp Ltd, increased their positions in Workday significantly during the first quarter.
• Workday's recent earnings report showed a quarterly EPS of $2.23, surpassing the consensus estimate of $2.01, indicating a 12.6% year-over-year revenue growth.

J. Safra Sarasin Holding AG decreased its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,938 shares of the software maker's stock after selling 1,250 shares during the period. J. Safra Sarasin Holding AG's holdings in Workday were worth $22,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in shares of Workday by 5.0% during the first quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after buying an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Workday by 13.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock worth $265,000 after buying an additional 139 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Workday during the first quarter worth approximately $290,000. Nisa Investment Advisors LLC grew its stake in shares of Workday by 33.8% during the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock valued at $7,486,000 after purchasing an additional 8,093 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Workday by 27.8% during the first quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock valued at $374,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Down 3.1%

WDAY traded down $7.16 during trading on Friday, hitting $222.22. The company had a trading volume of 4,088,210 shares, compared to its average volume of 2,440,214. The company has a market capitalization of $59.33 billion, a PE ratio of 122.77, a PEG ratio of 3.36 and a beta of 1.24. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm's 50-day moving average price is $239.40 and its 200 day moving average price is $246.10. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating the consensus estimate of $2.01 by $0.22. The business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. As a group, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer directly owned 42,977 shares in the company, valued at approximately $10,093,578.22. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director owned 67,500 shares in the company, valued at $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 329,005 shares of company stock worth $79,203,523 in the last ninety days. 20.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WDAY has been the topic of several research analyst reports. Citigroup cut shares of Workday from a "neutral" rating to a "mixed" rating in a research note on Friday, May 16th. JMP Securities reissued a "market outperform" rating and set a $315.00 price target on shares of Workday in a research note on Friday, May 23rd. Needham & Company LLC reissued a "buy" rating and set a $300.00 price target on shares of Workday in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Workday from $310.00 to $295.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average price target of $296.88.

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.