Mn Services Vermogensbeheer B.V. Has $17.75 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Mn Services Vermogensbeheer B.V. reduced its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,000 shares of the software maker's stock after selling 6,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Workday were worth $17,748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after buying an additional 2,792 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Workday during the 4th quarter worth $8,984,000. Asset Management One Co. Ltd. raised its stake in shares of Workday by 8.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 85,217 shares of the software maker's stock valued at $22,688,000 after purchasing an additional 6,518 shares during the period. AustralianSuper Pty Ltd raised its stake in shares of Workday by 35.6% in the 4th quarter. AustralianSuper Pty Ltd now owns 7,068 shares of the software maker's stock valued at $1,824,000 after purchasing an additional 1,857 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in shares of Workday by 5.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,860 shares of the software maker's stock valued at $480,000 after purchasing an additional 103 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $1.11 during trading on Monday, hitting $245.65. 1,825,529 shares of the company were exchanged, compared to its average volume of 2,462,903. The business's 50 day moving average is $245.50 and its 200-day moving average is $252.46. The company has a market capitalization of $65.59 billion, a P/E ratio of 40.74, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share 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 net margin of 19.86% and a return on equity of 6.13%. Workday's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 70,144 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at $25,776,029.22. This represents a 40.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the transaction, the chief executive officer now directly owns 10,847 shares in the company, valued at $2,544,814.67. This trade represents a 22.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,666 shares of company stock valued at $38,465,025. 19.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on WDAY shares. Loop Capital lowered their target price on Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research report on Friday, May 23rd. Piper Sandler reiterated a "neutral" rating and set a $255.00 price target (up previously from $230.00) on shares of Workday in a report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Redburn Atlantic started coverage on Workday in a report on Wednesday, February 19th. They set a "neutral" rating for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $340.00 price target on shares of Workday in a report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $293.54.

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.