Swiss National Bank Has $149.88 Million Stock Position in Workday, Inc. $WDAY

Swiss National Bank lessened its position in shares of Workday, Inc. (NASDAQ:WDAY) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 622,600 shares of the software maker’s stock after selling 29,100 shares during the quarter. Swiss National Bank’s holdings in Workday were worth $149,878,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WDAY. First Eagle Investment Management LLC bought a new position in shares of Workday in the 3rd quarter valued at about $556,252,000. PKO Investment Management Joint Stock Co bought a new stake in shares of Workday during the third quarter worth approximately $1,805,000. Phoenix Financial Ltd. bought a new stake in shares of Workday during the third quarter worth approximately $2,000,000. Rakuten Investment Management Inc. acquired a new position in Workday in the third quarter valued at approximately $124,718,000. Finally, Norges Bank acquired a new position in Workday in the second quarter valued at approximately $442,702,000. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WDAY shares. Loop Capital set a $280.00 price target on Workday in a research note on Wednesday, December 10th. Wells Fargo & Company decreased their price objective on Workday from $255.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Stifel Nicolaus set a $175.00 price objective on Workday in a report on Monday, February 9th. TD Cowen lowered Workday from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research note on Wednesday, February 25th. Finally, KeyCorp reduced their target price on Workday from $260.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.19.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 953 shares of Workday stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the sale, the chief accounting officer owned 35,336 shares of the company’s stock, valued at $7,405,012.16. This trade represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total value of $784,616.07. Following the transaction, the insider owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 503,296 shares of company stock valued at $91,729,216 over the last three months. Insiders own 20.00% of the company’s stock.

Workday Stock Down 1.9%

NASDAQ:WDAY opened at $148.14 on Tuesday. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The stock has a 50-day moving average price of $170.76 and a two-hundred day moving average price of $208.28. The stock has a market cap of $38.96 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.47 and a beta of 1.17. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business posted $1.92 EPS. Workday’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Workday Company Profile

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.