Tredje AP fonden Purchases 57,900 Shares of Workday, Inc. (NASDAQ:WDAY)

Tredje AP fonden lifted its position in Workday, Inc. (NASDAQ:WDAY) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 157,900 shares of the software maker’s stock after buying an additional 57,900 shares during the quarter. Tredje AP fonden owned about 0.06% of Workday worth $40,743,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Roxbury Financial LLC bought a new stake in shares of Workday in the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in shares of Workday in the 4th quarter valued at approximately $26,000. Avion Wealth grew its stake in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares in the last quarter. Finally, New Millennium Group LLC grew its stake in shares of Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after buying an additional 94 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, February 26th. Piper Sandler boosted their target price on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. BMO Capital Markets boosted their target price on Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Daiwa America upgraded Workday to a “strong-buy” rating in a report on Tuesday, March 4th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average price target of $302.14.

Insider Activity at Workday

In related news, Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the transaction, the director now owns 6,845 shares in the company, valued at $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 66,455 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,729,781.44. This represents a 39.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 435,829 shares of company stock worth $113,033,319 over the last 90 days. Insiders own 20.00% of the company’s stock.

Workday Price Performance

Shares of WDAY stock opened at $241.67 on Thursday. The stock’s fifty day moving average is $257.38 and its 200-day moving average is $255.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $64.28 billion, a PE ratio of 40.08, a PEG ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last announced its 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 for 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%. Equities research analysts expect that Workday, Inc. will post 2.63 EPS 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.