Workday, Inc. (NASDAQ:WDAY) Stock Position Boosted by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA increased its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,930 shares of the software maker's stock after buying an additional 4,198 shares during the period. Union Bancaire Privee UBP SA's holdings in Workday were worth $9,110,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after acquiring an additional 4,517,272 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Workday by 61.9% in the fourth 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 in the last quarter. The Manufacturers Life Insurance Company grew 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. grew 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 grew its holdings in Workday by 6.5% during the 4th quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock worth $764,575,000 after acquiring an additional 181,899 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WDAY has been the subject of several analyst reports. Westpark Capital boosted their price target on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group upped their price target on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Mizuho reduced their price target on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price target on shares of Workday in a research report on Wednesday, May 21st. Finally, Piper Sandler restated a "neutral" rating and set a $255.00 price objective (up previously from $230.00) on shares of Workday in a research 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $293.54.

Workday Stock Down 2.5%

Shares of NASDAQ WDAY traded down $6.15 during trading on Friday, reaching $244.54. 2,199,157 shares of the stock were exchanged, compared to its average volume of 2,465,463. The company has a market capitalization of $65.29 billion, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The business's 50-day moving average price is $245.50 and its 200 day moving average price is $252.47. 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 twelve month low of $199.81 and a twelve month 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 (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 analysts' expectations of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm's quarterly 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. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 71,672 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $25,602,994.26. This represents a 41.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. This represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 237,338 shares of company stock valued at $56,281,251 over the last ninety days. Corporate insiders own 19.31% of the company's stock.

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.