Mn Services Vermogensbeheer B.V. Sells 1,200 Shares of Workday, Inc. (NASDAQ:WDAY)

Mn Services Vermogensbeheer B.V. trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,000 shares of the software maker’s stock after selling 1,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Workday were worth $19,797,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dorsey & Whitney Trust CO LLC increased its holdings in Workday by 4.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock worth $281,000 after purchasing an additional 43 shares during the period. Diversified Trust Co lifted its position in Workday by 1.0% during the 2nd quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock worth $1,080,000 after acquiring an additional 47 shares during the period. Opal Wealth Advisors LLC lifted its position in Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after acquiring an additional 47 shares during the period. Mesirow Financial Investment Management Inc. lifted its position in Workday by 3.4% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock worth $324,000 after acquiring an additional 48 shares during the period. Finally, Aspen Investment Management Inc raised its stake in shares of Workday by 3.1% during the 2nd quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock valued at $369,000 after buying an additional 50 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the transaction, the director now directly owns 97,500 shares in the company, valued at approximately $25,381,200. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WDAY shares. KeyCorp lifted their price target on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Friday, September 13th. Evercore ISI reduced their target price on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Bank of America boosted their target price on shares of Workday from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $287.04.

Workday Stock Performance

NASDAQ:WDAY opened at $241.14 on Tuesday. The business has a 50 day moving average of $246.61 and a 200 day moving average of $235.86. The company has a market capitalization of $63.90 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 4.75 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts predict that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

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.