Siemens Fonds Invest GmbH Decreases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Siemens Fonds Invest GmbH reduced its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 93.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 624 shares of the software maker's stock after selling 9,635 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Workday were worth $161,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WDAY. Roxbury Financial LLC bought a new stake in shares of Workday in the fourth quarter valued at $25,000. Crews Bank & Trust purchased a new stake in Workday in the 4th quarter worth about $26,000. Avion Wealth increased its holdings in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares during the last quarter. TCTC Holdings LLC bought a new stake in Workday in the 4th quarter valued at about $35,000. Finally, Rakuten Securities Inc. lifted its holdings in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Workday Price Performance

NASDAQ WDAY traded up $0.04 during trading hours on Monday, reaching $247.75. 2,034,329 shares of the stock traded hands, compared to its average volume of 2,498,170. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a 50 day simple moving average of $241.60 and a two-hundred day simple moving average of $253.27. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The company has a market cap of $65.90 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last announced 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 firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 EPS. On average, analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the sale, the director now directly owns 75,000 shares in the company, valued at $18,099,750. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 70,144 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $250.26, for a total value of $17,554,237.44. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $25,776,029.22. This trade represents a 40.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,338 shares of company stock worth $59,875,701 over the last ninety days. Insiders own 19.31% of the company's stock.

Analysts Set New Price Targets

WDAY has been the subject of several recent research reports. Piper Sandler reiterated a "neutral" rating and issued a $255.00 target price (up previously from $230.00) on shares of Workday in a research note on Friday, May 23rd. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research note on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and set a $340.00 target price on shares of Workday in a report on Friday, May 23rd. Loop Capital cut their price target on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a report on Friday, May 23rd. Finally, Oppenheimer reduced their price target on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $293.54.

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.