KBC Group NV Has $149.46 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

KBC Group NV lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 640,000 shares of the software maker's stock after selling 15,733 shares during the period. KBC Group NV owned about 0.24% of Workday worth $149,459,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after acquiring an additional 4,517,272 shares during the period. Geode Capital Management LLC raised its stake in Workday by 61.9% during the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after purchasing an additional 1,772,223 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 60.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock valued at $960,454,000 after purchasing an additional 1,406,088 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Workday by 1.5% in the fourth quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock valued at $911,027,000 after purchasing an additional 52,104 shares in the last quarter. Finally, FIL Ltd boosted its position in shares of Workday by 6.5% in the fourth quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock worth $764,575,000 after buying an additional 181,899 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WDAY. DA Davidson increased their price objective on Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Jefferies Financial Group dropped their price objective on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of Workday in a research note on Wednesday, May 21st. KeyCorp dropped their price target on shares of Workday from $335.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, JMP Securities reiterated a "market outperform" rating and set a $315.00 price objective on shares of Workday in a report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Workday has an average rating of "Moderate Buy" and an average price target of $297.68.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer owned 34,385 shares in the company, valued at approximately $7,789,921.75. The trade was a 1.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $248.41, for a total value of $1,863,075.00. Following the completion of the transaction, the director directly 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 have sold 255,733 shares of company stock worth $59,649,301 in the last three months. 20.00% of the stock is currently owned by company insiders.

Workday Stock Performance

Shares of NASDAQ:WDAY traded up $2.63 on Monday, hitting $240.00. 1,516,770 shares of the company were exchanged, compared to its average volume of 2,455,444. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm has a market capitalization of $64.08 billion, a price-to-earnings ratio of 132.60, a PEG ratio of 3.59 and a beta of 1.24. The company's 50 day moving average price is $247.98 and its two-hundred day moving average price is $250.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. Workday had a return on equity of 8.00% and a net margin of 5.60%. Workday's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 earnings per share. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Workday 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.