Workday, Inc. (NASDAQ:WDAY) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,500 shares of the software maker’s stock after purchasing an additional 1,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Workday were worth $21,287,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Two Sigma Advisers LP grew its holdings in Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after buying an additional 562,400 shares during the last quarter. KBC Group NV lifted its position in shares of Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after acquiring an additional 506,812 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after acquiring an additional 480,459 shares during the last quarter. Principal Financial Group Inc. increased its position in Workday by 2,166.1% during the 4th quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock worth $104,044,000 after purchasing an additional 385,430 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Workday by 28.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,465,917 shares of the software maker’s stock valued at $378,250,000 after purchasing an additional 326,251 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 70,003 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $25,872,846.40. This represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,321 shares of company stock worth $111,763,803. 20.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Workday in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and lifted their target price for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Mizuho boosted their price target on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Stock Performance

Workday stock opened at $260.57 on Friday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $298.50. The company has a fifty day moving average price of $259.89 and a two-hundred day moving average price of $254.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $69.31 billion, a PE ratio of 43.21, a P/E/G ratio of 3.55 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Research analysts expect that Workday, Inc. will post 2.63 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.