Raiffeisen Bank International AG Sells 18,161 Shares of Workday, Inc. $WDAY

Raiffeisen Bank International AG trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 98.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 261 shares of the software maker’s stock after selling 18,161 shares during the period. Raiffeisen Bank International AG’s holdings in Workday were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Auto Owners Insurance Co boosted its position in shares of Workday by 25,412.8% in the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after purchasing an additional 10,190,516 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after buying an additional 2,525,821 shares in the last quarter. Norges Bank purchased a new position in shares of Workday during the 4th quarter valued at $448,804,000. First Eagle Investment Management LLC boosted its holdings in Workday by 87.8% in the 4th quarter. First Eagle Investment Management LLC now owns 4,338,773 shares of the software maker’s stock worth $931,882,000 after buying an additional 2,028,085 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Workday by 47.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after buying an additional 1,882,391 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total value of $862,200.00. Following the completion of the transaction, the chief financial officer owned 288,460 shares in the company, valued at approximately $41,451,702. The trade was a 2.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Enslin sold 5,374 shares of the business’s stock in a transaction that occurred on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total value of $724,952.60. Following the transaction, the insider directly owned 239,469 shares in the company, valued at approximately $32,304,368.10. This represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 862,481 shares of company stock worth $116,785,581. 18.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WDAY shares. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised Workday from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 13th. Cantor Fitzgerald cut their target price on Workday from $220.00 to $205.00 and set an “overweight” rating for the company in a research report on Friday, August 28th. Guggenheim reissued a “buy” rating and set a $275.00 target price on shares of Workday in a research note on Friday, August 21st. Finally, Barclays boosted their price target on Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Twenty investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $206.34.

Workday Stock Performance

NASDAQ:WDAY opened at $195.79 on Monday. The company has a market cap of $48.36 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 1.98 and a beta of 1.08. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85. The stock’s 50 day simple moving average is $166.01 and its two-hundred day simple moving average is $142.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. Workday’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 earnings per share. As a group, equities analysts anticipate that Workday, Inc. will post 5.3 earnings per share 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.