Forsta AP Fonden Has $18.72 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Forsta AP Fonden increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 76,600 shares of the software maker’s stock after acquiring an additional 2,900 shares during the period. Forsta AP Fonden’s holdings in Workday were worth $18,722,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Workday by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after acquiring an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Workday by 9.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock valued at $927,998,000 after acquiring an additional 301,463 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Workday by 12.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after buying an additional 281,207 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after buying an additional 1,016,394 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Workday by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock valued at $384,518,000 after buying an additional 118,180 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Up 0.4 %

Shares of WDAY opened at $237.71 on Friday. The stock has a fifty day moving average price of $247.09 and a two-hundred day moving average price of $237.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a market cap of $62.99 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 4.90 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Analysts predict that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Ratings Changes

WDAY has been the topic of a number of research analyst reports. Bank of America raised their target price on Workday from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 23rd. KeyCorp raised their target price on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Friday, September 13th. Needham & Company LLC lowered their target price on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group raised their price objective on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Insider Buying and Selling at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the sale, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the sale, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the completion of the sale, the insider now directly owns 196,344 shares of the company’s stock, valued at $51,106,379.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is currently owned by 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.