Nomura Asset Management Co. Ltd. Has $21.03 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Nomura Asset Management Co. Ltd. boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 81,489 shares of the software maker’s stock after buying an additional 3,333 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Workday were worth $21,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in shares of Workday in the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new position in Workday during the fourth quarter worth approximately $26,000. Avion Wealth raised its stake in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in shares of Workday in the fourth quarter valued at approximately $35,000. Finally, True Wealth Design LLC boosted its stake in shares of Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Price Performance

Shares of WDAY stock opened at $238.49 on Friday. The business has a fifty day simple moving average of $256.67 and a 200 day simple moving average of $254.82. The company has a market cap of $63.44 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.55 and a beta of 1.38. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

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

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $261.75, for a total value of $14,658,000.00. Following the completion of the transaction, the insider now directly owns 172,000 shares in the company, valued at approximately $45,021,000. This represents a 24.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard Harry Sauer sold 3,677 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total value of $926,236.30. Following the sale, the insider now owns 79,576 shares in the company, valued at $20,045,194.40. This represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 487,145 shares of company stock worth $123,289,438 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WDAY shares. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Monday, March 24th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and increased their price objective for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Morgan Stanley downgraded shares of Workday from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. Piper Sandler increased their price target on shares of Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, 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. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $300.36.

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.