Workday, Inc. $WDAY Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 241,640 shares of the software maker’s stock after selling 4,153 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Workday worth $58,170,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new stake in Workday in the second quarter valued at approximately $25,000. Berbice Capital Management LLC grew its stake in Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC grew its stake in Workday by 2,216.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after acquiring an additional 133 shares during the period. Root Financial Partners LLC purchased a new stake in Workday in the 3rd quarter worth $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Workday during the second quarter worth $41,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research reports. Royal Bank Of Canada cut their target price on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Barclays cut their price objective on Workday from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Macquarie restated a “buy” rating on shares of Workday in a research report on Wednesday, November 26th. Morgan Stanley lifted their price target on Workday from $255.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Guggenheim reissued a “buy” rating and issued a $285.00 price objective on shares of Workday in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $278.09.

Insider Activity at Workday

In related news, insider Robert Enslin sold 22,185 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.17, for a total value of $4,662,621.45. Following the completion of the transaction, the insider directly owned 106,330 shares in the company, valued at approximately $22,347,376.10. This represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the sale, the chief financial officer directly owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. This trade represents a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 370,321 shares of company stock valued at $78,866,401 over the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Workday Price Performance

NASDAQ:WDAY opened at $183.41 on Thursday. Workday, Inc. has a one year low of $180.56 and a one year high of $283.68. The stock has a market cap of $48.24 billion, a PE ratio of 77.06, a P/E/G ratio of 2.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a 50 day moving average price of $213.86 and a 200 day moving average price of $225.77.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.