MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $82.51 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,499 shares of the software maker's stock after buying an additional 40,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.12% of Workday worth $82,513,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WDAY. Bristlecone Advisors LLC lifted its position in Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock worth $754,000 after buying an additional 968 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in Workday during the 4th quarter worth about $369,000. Smith Group Asset Management LLC lifted its position in Workday by 9.4% during the 4th quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker's stock worth $28,129,000 after buying an additional 9,324 shares in the last quarter. Swedbank AB lifted its position in Workday by 17.7% during the 4th quarter. Swedbank AB now owns 97,529 shares of the software maker's stock worth $25,165,000 after buying an additional 14,682 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Workday during the 4th quarter worth about $8,984,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several recent research reports. Daiwa America raised Workday to a "strong-buy" rating in a report on Tuesday, March 4th. KeyCorp boosted their price objective on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Guggenheim reissued a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Stifel Nicolaus boosted their price objective on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Finally, Piper Sandler dropped their price objective on Workday from $290.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Workday has an average rating of "Moderate Buy" and a consensus price target of $293.62.

Workday Stock Down 0.6%

Shares of NASDAQ WDAY traded down $1.66 during trading hours on Friday, hitting $273.05. The company had a trading volume of 2,328,351 shares, compared to its average volume of 2,572,961. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The firm's 50 day moving average is $240.57 and its 200-day moving average is $253.40. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $72.63 billion, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. On average, analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,455 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $26,729,781.44. This trade represents a 39.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 321,724 shares of company stock worth $77,976,126. Company insiders own 19.31% of the company's stock.

About Workday

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.