Commerzbank Aktiengesellschaft FI Trims Stake in Workday, Inc. (NASDAQ:WDAY)

Commerzbank Aktiengesellschaft FI lowered its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 94.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,375 shares of the software maker's stock after selling 130,870 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Workday were worth $1,956,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WDAY. Janney Montgomery Scott LLC boosted its position in shares of Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after purchasing an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock valued at $265,000 after acquiring an additional 139 shares in the last quarter. Sowell Financial Services LLC bought a new position in Workday in the 1st quarter valued at about $290,000. D.A. Davidson & CO. lifted its position in Workday by 27.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock valued at $374,000 after acquiring an additional 348 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Workday by 9,166.7% in the 1st quarter. Golden State Wealth Management LLC now owns 278 shares of the software maker's stock valued at $65,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In other Workday news, 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 transaction, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the transaction, the chief accounting officer owned 42,977 shares in the company, valued at $10,093,578.22. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 329,005 shares of company stock worth $79,203,523 over the last 90 days. Insiders own 19.31% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WDAY. Westpark Capital raised their price target on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Loop Capital dropped their price target on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research report on Friday, May 23rd. DA Davidson raised their price target on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. KeyCorp dropped their price target on shares of Workday from $335.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Finally, Jefferies Financial Group dropped their price target on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Workday has an average rating of "Moderate Buy" and a consensus target price of $296.88.

Workday Price Performance

NASDAQ:WDAY traded up $2.17 during trading hours on Friday, hitting $233.06. The stock had a trading volume of 2,597,839 shares, compared to its average volume of 2,485,253. The company has a 50 day simple moving average of $246.35 and a two-hundred day simple moving average of $247.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm has a market capitalization of $62.23 billion, a price-to-earnings ratio of 128.76, a P/E/G ratio of 3.49 and a beta of 1.21.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $1.74 EPS. The firm's revenue was up 12.6% compared to the same quarter last year. Research 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.