E. Ohman J or Asset Management AB Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

E. Ohman J or Asset Management AB increased its stake in Workday, Inc. (NASDAQ:WDAY) by 15.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,769 shares of the software maker’s stock after acquiring an additional 1,310 shares during the period. E. Ohman J or Asset Management AB’s holdings in Workday were worth $2,521,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP lifted its position in Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after acquiring an additional 562,400 shares during the period. KBC Group NV lifted its position in Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after acquiring an additional 506,812 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after purchasing an additional 480,459 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in Workday in the 3rd quarter worth about $78,003,000. Finally, Lindbrook Capital LLC raised its position in Workday by 17,001.6% in the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after buying an additional 284,266 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of WDAY opened at $259.73 on Wednesday. The stock has a market capitalization of $69.09 billion, a PE ratio of 43.07, a PEG ratio of 4.73 and a beta of 1.35. The company has a 50 day moving average price of $260.91 and a 200-day moving average price of $249.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company raised their price objective on Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley upped their price target on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Citigroup cut their price target on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $292.25.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $25,872,846.40. This represents a 40.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 over the last quarter. 20.00% of the stock is owned by corporate insiders.

Workday Company 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.