J. Safra Sarasin Holding AG Has $467,000 Holdings in Workday, Inc. $WDAY

J. Safra Sarasin Holding AG cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 97.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,176 shares of the software maker’s stock after selling 87,031 shares during the period. J. Safra Sarasin Holding AG’s holdings in Workday were worth $467,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WDAY. First Eagle Investment Management LLC acquired a new position in shares of Workday during the 3rd quarter valued at about $556,252,000. PKO Investment Management Joint Stock Co acquired a new stake in Workday in the 3rd quarter worth approximately $1,805,000. Phoenix Financial Ltd. acquired a new stake in Workday in the 3rd quarter worth approximately $2,000,000. Rakuten Investment Management Inc. bought a new stake in Workday during the third quarter worth approximately $124,718,000. Finally, EULAV Asset Management boosted its position in Workday by 69.4% during the third quarter. EULAV Asset Management now owns 61,000 shares of the software maker’s stock worth $14,685,000 after purchasing an additional 25,000 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Up 2.5%

WDAY opened at $132.26 on Friday. Workday, Inc. has a 1-year low of $117.76 and a 1-year high of $276.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $33.99 billion, a price-to-earnings ratio of 51.26, a P/E/G ratio of 1.25 and a beta of 1.14. The business has a 50 day moving average of $145.99 and a 200-day moving average of $196.59.

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

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the sale, the chief accounting officer directly owned 35,336 shares in the company, 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 at the SEC website. Also, insider Richard Harry Sauer sold 1,130 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the transaction, the insider directly owned 85,398 shares of the company’s stock, valued at $17,933,580. This represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 872,536 shares of company stock worth $127,901,692 in the last ninety days. Insiders own 19.31% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Evercore downgraded shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective for the company. in a report on Wednesday, February 25th. KeyCorp lowered their target price on shares of Workday from $260.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Rosenblatt Securities dropped their target price on shares of Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Nineteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.71.

Workday 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.