B. Metzler seel. Sohn & Co. AG Purchases 1,742 Shares of Workday, Inc. (NASDAQ:WDAY)

B. Metzler seel. Sohn & Co. AG lifted its position in Workday, Inc. (NASDAQ:WDAY) by 6.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,658 shares of the software maker’s stock after buying an additional 1,742 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Workday were worth $7,137,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Workday by 28.9% in the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock valued at $5,197,447,000 after buying an additional 4,517,272 shares in the last quarter. Janus Henderson Group PLC lifted its position in Workday by 10.7% in the 3rd 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 in the last quarter. State Street Corp boosted its stake in Workday by 1.4% in the 3rd quarter. State Street Corp now owns 4,842,729 shares of the software maker’s stock worth $1,183,611,000 after purchasing an additional 67,380 shares during the period. Geode Capital Management LLC increased its holdings in Workday by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker’s stock worth $698,285,000 after purchasing an additional 76,618 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Workday by 5.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,663,398 shares of the software maker’s stock valued at $687,237,000 after purchasing an additional 136,211 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the subject of several recent research reports. Piper Sandler upped their price objective on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and upped their price target for the stock from $265.00 to $300.00 in a research report on Wednesday, January 8th. BMO Capital Markets boosted their price objective on shares of Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Oppenheimer boosted their price target on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.18.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $233.53 on Tuesday. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. 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 firm has a market cap of $62.12 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 3.55 and a beta of 1.38. The stock’s fifty day moving average price is $256.35 and its two-hundred day moving average price is $254.69.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion during 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%. On average, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.87, for a total transaction of $14,216,720.00. Following the completion of the transaction, the insider now directly owns 116,000 shares in the company, valued at $29,448,920. This trade represents a 32.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 431,145 shares of company stock worth $108,631,438. Company insiders own 20.00% of the company’s stock.

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.