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

DekaBank Deutsche Girozentrale trimmed its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 19.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,640 shares of the software maker's stock after selling 24,723 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Workday were worth $23,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock valued at $5,288,000 after purchasing an additional 1,070 shares during the last quarter. Kingswood Wealth Advisors LLC raised its stake in Workday by 13.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock valued at $265,000 after purchasing an additional 139 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Workday during the 1st quarter valued at $290,000. Golden State Wealth Management LLC raised its stake in Workday by 9,166.7% during the 1st quarter. Golden State Wealth Management LLC now owns 278 shares of the software maker's stock valued at $65,000 after purchasing an additional 275 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Scotiabank cut their target price on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. JMP Securities reiterated a "market outperform" rating and set a $315.00 target price on shares of Workday in a research note on Friday, May 23rd. Loop Capital cut their target price on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, Jefferies Financial Group dropped their price objective on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $296.88.

Workday Price Performance

NASDAQ:WDAY traded down $5.93 during mid-day trading on Friday, reaching $223.37. 2,494,795 shares of the company were exchanged, compared to its average volume of 2,482,412. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a fifty day moving average of $248.29 and a 200 day moving average of $248.51. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. The stock has a market cap of $59.64 billion, a PE ratio of 123.41, a PEG ratio of 3.46 and a beta of 1.21.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company posted $1.74 EPS. The company's revenue was up 12.6% compared to the same quarter last year. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 73,971 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $24,581,264.02. This represents a 41.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the transaction, the director owned 67,500 shares in the company, valued at approximately $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,554 shares of company stock valued at $79,097,601. 19.31% of the stock is currently owned by company insiders.

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.