Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Position in Workday, Inc. (NASDAQ:WDAY)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,957 shares of the software maker’s stock after selling 7,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Workday were worth $10,052,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Crews Bank & Trust purchased a new stake in Workday during the 4th quarter valued at $26,000. Roxbury Financial LLC bought a new position in shares of Workday during the fourth quarter valued at $25,000. Avion Wealth lifted its holdings in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Workday during the third quarter valued at $26,000. Finally, Meeder Asset Management Inc. increased its holdings in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Loop Capital raised their price target on shares of Workday from $242.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and raised their target price for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Bank of America decreased their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. The Goldman Sachs Group raised their price target on Workday from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $291.11.

Insider Buying and Selling

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % 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. Also, CAO Mark S. Garfield sold 472 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 438,819 shares of company stock worth $113,142,592. Insiders own 20.00% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $256.39 on Monday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $68.20 billion, a P/E ratio of 42.52, a P/E/G ratio of 3.55 and a beta of 1.35. The stock has a 50-day moving average price of $260.75 and a 200 day moving average price of $253.47.

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

Workday 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.