Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,077 shares of the software maker's stock after purchasing an additional 3,260 shares during the quarter. Vontobel Holding Ltd.'s holdings in Workday were worth $18,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in WDAY. Norges Bank purchased a new position in shares of Workday in the fourth quarter worth $600,504,000. Wellington Management Group LLP raised its stake in shares of Workday by 37.4% during the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker's stock valued at $1,109,348,000 after acquiring an additional 1,406,153 shares during the last quarter. Winslow Capital Management LLC boosted its holdings in shares of Workday by 76.4% during the third quarter. Winslow Capital Management LLC now owns 2,310,619 shares of the software maker's stock worth $496,436,000 after purchasing an additional 1,000,922 shares during the period. Morgan Stanley grew its stake in shares of Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker's stock worth $586,021,000 after purchasing an additional 872,288 shares during the last quarter. Finally, Amundi increased its holdings in Workday by 233.9% during the 4th quarter. Amundi now owns 766,911 shares of the software maker's stock valued at $125,712,000 after purchasing an additional 537,196 shares during the period. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent analyst reports. DA Davidson reiterated a "neutral" rating and issued a $300.00 price objective on shares of Workday in a research report on Tuesday, February 27th. KeyCorp boosted their price objective on shares of Workday from $310.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. raised their target price on shares of Workday from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Mizuho boosted their price target on shares of Workday from $290.00 to $325.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. Finally, JMP Securities reissued a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research note on Tuesday, February 27th. One research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $293.61.

Insider Buying and Selling at Workday

In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was 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 in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the business's stock in a transaction 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 owns 165,932 shares of the company's stock, valued at approximately $48,749,162.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 64,329 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 379,691 shares of company stock valued at $102,897,729. 21.09% of the stock is owned by company insiders.

Workday Stock Performance

Shares of WDAY stock traded down $1.94 during trading hours on Tuesday, reaching $257.69. The company had a trading volume of 2,052,471 shares, compared to its average volume of 1,794,657. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The business has a fifty day moving average price of $281.47 and a 200-day moving average price of $261.76. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The firm has a market cap of $68.03 billion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 6.59 and a beta of 1.32.

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