Universal Beteiligungs und Servicegesellschaft mbH Has $52.86 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 50.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,335 shares of the software maker's stock after selling 228,103 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Workday worth $52,856,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WDAY. T. Rowe Price Investment Management Inc. acquired a new stake in Workday during the fourth quarter worth approximately $658,735,000. Norges Bank acquired a new stake in shares of Workday in the 4th quarter valued at $645,710,000. Geode Capital Management LLC boosted its holdings in shares of Workday by 61.9% in 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 in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Workday by 60.7% in the 4th 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. Finally, Invesco Ltd. boosted its holdings in shares of Workday by 102.6% in the 4th quarter. Invesco Ltd. now owns 1,855,778 shares of the software maker's stock valued at $478,846,000 after purchasing an additional 939,955 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was 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 directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the sale, the chief executive officer directly owned 1,472 shares of the company's stock, valued at $352,440.96. The trade was a 80.94% 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 over the last three months. Insiders own 19.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WDAY. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Wells Fargo & Company reduced their target price on Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho reduced their target price on Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Loop Capital reduced their target price on Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Finally, Morgan Stanley set a $255.00 target price on Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Workday has a consensus rating of "Moderate Buy" and a consensus target price of $296.88.

Workday Trading Down 1.6%

Shares of WDAY stock traded down $3.83 during mid-day trading on Thursday, hitting $237.20. The company's stock had a trading volume of 2,115,081 shares, compared to its average volume of 2,271,683. The company's fifty day simple moving average is $243.95 and its 200-day simple moving average is $246.90. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $63.33 billion, a PE ratio of 131.05, a P/E/G ratio of 3.61 and a beta of 1.21.

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. Workday had a return on equity of 8.00% and a net margin of 5.60%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company posted $1.74 EPS. The firm's revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.