Swiss National Bank Buys 1,900 Shares of Workday, Inc. (NASDAQ:WDAY)

Key Points

• Swiss National Bank increased its holdings in Workday, Inc. by 0.3% during Q1, owning 603,600 shares worth approximately $140.96 million.
• Workday's recent earnings report showed an EPS of $2.23, exceeding estimates and marking a 12.6% revenue increase year-over-year.
• Analysts have varied opinions on Workday stock, with price targets ranging from $275.00 to $315.00 and a consensus rating of "Moderate Buy."

Swiss National Bank boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 603,600 shares of the software maker's stock after buying an additional 1,900 shares during the period. Swiss National Bank owned about 0.23% of Workday worth $140,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its stake in Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock valued at $74,000 after acquiring an additional 42 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in Workday by 1.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after purchasing an additional 43 shares during the last quarter. Salvus Wealth Management LLC lifted its holdings in Workday by 2.8% in the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after purchasing an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock worth $82,000 after purchasing an additional 46 shares during the last quarter. Finally, AE Wealth Management LLC lifted its holdings in shares of Workday by 0.4% during the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock worth $2,778,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDAY. 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. Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Stifel Nicolaus decreased their target price on Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $340.00 target price on shares of Workday in a report on Friday, May 23rd. Finally, Oppenheimer decreased their price target on Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus target price of $296.88.

Workday Stock Up 0.5%

WDAY stock traded up $1.09 during mid-day trading on Friday, reaching $222.07. The company had a trading volume of 2,386,346 shares, compared to its average volume of 2,506,795. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a 50 day simple moving average of $237.71 and a two-hundred day simple moving average of $245.15. The company has a market capitalization of $59.29 billion, a price-to-earnings ratio of 122.69, a PEG ratio of 3.36 and a beta of 1.24. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00.

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

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction 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 sale, the director directly owned 67,500 shares in the company, valued at $16,767,675. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the business's 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 completion of the sale, the chief accounting officer owned 42,977 shares of the company's stock, valued at $10,093,578.22. This trade represents a 1.04% 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 three months. 20.00% of the stock is owned by company insiders.

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.