DekaBank Deutsche Girozentrale Has $23.81 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

DekaBank Deutsche Girozentrale cut its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,640 shares of the software maker's stock after selling 24,723 shares during the period. DekaBank Deutsche Girozentrale's holdings in Workday were worth $23,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its position in shares of Workday by 17.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,177 shares of the software maker's stock valued at $508,000 after buying an additional 317 shares in the last quarter. Blackhawk Capital Partners LLC. grew its holdings in Workday by 6.9% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 11,537 shares of the software maker's stock worth $2,694,000 after acquiring an additional 746 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in shares of Workday by 9.7% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 22,336 shares of the software maker's stock valued at $5,216,000 after purchasing an additional 1,970 shares in the last quarter. Alpha Cubed Investments LLC bought a new stake in Workday during the first quarter worth about $234,000. Finally, EULAV Asset Management boosted its stake in Workday by 5.0% during the first quarter. EULAV Asset Management now owns 42,000 shares of the software maker's stock worth $9,808,000 after acquiring an additional 2,000 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 73,971 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the completion of the sale, the insider directly owned 102,997 shares of the company's stock, valued at $24,581,264.02. This represents a 41.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total value of $1,863,075.00. Following the sale, the director directly owned 67,500 shares of the company's stock, valued at approximately $16,767,675. This represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 328,554 shares of company stock worth $79,097,601. Insiders own 20.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WDAY shares. Needham & Company LLC reissued a "buy" rating and set a $300.00 price objective on shares of Workday in a report on Wednesday, May 21st. JPMorgan Chase & Co. decreased their price target on shares of Workday from $310.00 to $295.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Oppenheimer dropped their price target on shares of Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Guggenheim restated a "neutral" rating on shares of Workday in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research report on Sunday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $296.88.

Workday Stock Performance

Shares of NASDAQ WDAY traded down $5.93 during trading on Friday, reaching $223.37. The stock had a trading volume of 2,494,795 shares, compared to its average volume of 2,485,606. Workday, Inc. has a one year low of $199.81 and a one year 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 stock has a market cap of $59.64 billion, a PE ratio of 123.41, a P/E/G ratio of 3.38 and a beta of 1.21. The firm's 50 day moving average price is $248.29 and its two-hundred day moving average price is $248.22.

Workday (NASDAQ:WDAY - Get Free Report) last issued 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. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 8.00% and a net margin of 5.60%. The business's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 EPS. On average, research analysts forecast 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.