Workday, Inc. (NASDAQ:WDAY) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,519 shares of the software maker's stock after buying an additional 19,192 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Workday were worth $29,755,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. RB Capital Management LLC boosted its holdings in shares of Workday by 2.8% in the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker's stock valued at $662,000 after buying an additional 76 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Workday by 11.8% during the first quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker's stock worth $601,000 after purchasing an additional 265 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Workday in the 1st quarter worth $2,974,000. Yousif Capital Management LLC grew its stake in Workday by 2.7% during the 1st quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker's stock worth $674,000 after buying an additional 74 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in Workday by 10.3% during the 1st quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker's stock valued at $812,000 after buying an additional 316 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Activity

In other Workday news, Director George J. Still, Jr. sold 5,000 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the transaction, the director now owns 105,000 shares of the company's stock, valued at $28,404,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Workday news, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the transaction, the director now directly owns 105,000 shares of the company's stock, valued at $28,404,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares of the company's stock, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Insiders sold 376,202 shares of company stock worth $103,358,281 over the last ninety days. Corporate insiders own 21.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WDAY. KeyCorp boosted their price target on Workday from $310.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Morgan Stanley cut their target price on Workday from $335.00 to $330.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 27th. Mizuho raised their target price on Workday from $290.00 to $325.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Needham & Company LLC boosted their price target on Workday from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on Workday from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $293.61.

Workday Price Performance

Shares of WDAY traded up $0.29 during trading hours on Monday, hitting $268.61. 1,623,336 shares of the stock were exchanged, compared to its average volume of 1,828,965. The stock's 50-day moving average price is $284.76 and its two-hundred day moving average price is $260.11. The company has a market cap of $70.91 billion, a price-to-earnings ratio of 52.10, a price-to-earnings-growth ratio of 6.70 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the business posted ($0.14) earnings per share. Workday's quarterly revenue was up 16.8% on a year-over-year basis. Research analysts expect that Workday, Inc. will post 1.76 earnings per share for the current 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.