Livforsakringsbolaget Skandia Omsesidigt Has $120,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 44.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 436 shares of the software maker’s stock after acquiring an additional 134 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Workday were worth $120,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC grew its holdings in Workday by 333.3% during the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after acquiring an additional 70 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Workday in the first quarter valued at $25,000. VisionPoint Advisory Group LLC raised its holdings in Workday by 215.4% during the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after buying an additional 84 shares in the last quarter. Clear Street Markets LLC acquired a new position in Workday in the third quarter valued at about $29,000. Finally, Quarry LP bought a new stake in Workday in the 2nd quarter valued at $29,000. Institutional investors own 89.81% of the company’s stock.

Workday Trading Down 0.5 %

Shares of NASDAQ:WDAY opened at $255.64 on Friday. The company’s 50 day moving average is $279.24 and its two-hundred day moving average is $261.98. Workday, Inc. has a 52 week low of $174.25 and a 52 week high of $311.28. The company has a market cap of $67.49 billion, a PE ratio of 49.64, a P/E/G ratio of 6.42 and a beta of 1.32. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted ($0.14) EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts predict that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on WDAY. Evercore ISI increased their price target on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Barclays cut their price objective on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. Citigroup raised their target price on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, DA Davidson reiterated a “neutral” rating and set a $300.00 target price on shares of Workday in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.61.

Insider Activity

In other news, insider Richard Harry Sauer sold 8,447 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.21, for a total value of $2,265,569.87. Following the completion of the sale, the insider now directly owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the completion of the transaction, the insider now owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George J. Still, Jr. sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total value of $1,352,600.00. Following the transaction, the director now directly owns 105,000 shares of the company’s stock, valued at $28,404,600. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock worth $117,731,569 over the last 90 days. 21.09% of the stock is owned by company insiders.

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.