Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Workday, Inc. (NASDAQ:WDAY)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 454,438 shares of the software maker's stock, valued at approximately $117,259,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of Workday as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WDAY. Simplicity Wealth LLC lifted its holdings in Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after acquiring an additional 37 shares during the period. Custom Index Systems LLC lifted its holdings in Workday by 3.0% in the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after purchasing an additional 41 shares in the last quarter. AllSquare Wealth Management LLC lifted its position in Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after buying an additional 41 shares during the period. CreativeOne Wealth LLC grew its holdings in Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after purchasing an additional 43 shares during the period. Finally, Ashton Thomas Securities LLC raised its holdings in shares of Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after purchasing an additional 46 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now owns 102,997 shares in the company, valued at $26,729,781.44. The trade was a 39.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares of the company's stock, valued at $29,556,522. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 over the last three months. 20.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WDAY shares. Oppenheimer reduced their price target on Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Mizuho reduced their target price on shares of Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Guggenheim restated a "neutral" rating on shares of Workday in a research note on Friday, May 23rd. Stifel Nicolaus dropped their price target on shares of Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a research note on Friday, May 23rd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $315.00 price objective on shares of Workday in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $293.54.

Workday Stock Performance

WDAY stock traded up $0.60 during mid-day trading on Wednesday, hitting $239.90. The company had a trading volume of 2,718,190 shares, compared to its average volume of 2,533,082. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $63.81 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The stock's fifty day moving average price is $241.87 and its two-hundred day moving average price is $253.86.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 earnings per share. On average, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.