LGT Group Foundation Buys 1,397 Shares of Workday, Inc. (NASDAQ:WDAY)

LGT Group Foundation lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,025 shares of the software maker’s stock after purchasing an additional 1,397 shares during the quarter. LGT Group Foundation’s holdings in Workday were worth $1,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bristlecone Advisors LLC raised its stake in shares of Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after purchasing an additional 968 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Workday by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after purchasing an additional 1,978 shares during the period. Grafton Street Partners Fund LP bought a new stake in shares of Workday during the 3rd quarter valued at $4,424,000. ICICI Prudential Asset Management Co Ltd increased its stake in Workday by 32.4% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock worth $7,791,000 after acquiring an additional 7,802 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock worth $182,753,000 after acquiring an additional 119,769 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 3.3 %

WDAY stock opened at $254.57 on Tuesday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $67.72 billion, a PE ratio of 42.22, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The business has a 50 day moving average of $259.48 and a 200 day moving average of $255.31.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. On average, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the completion of the transaction, the insider now owns 228,000 shares of the company’s stock, valued at $60,579,600. This trade represents a 19.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Harry Sauer sold 3,677 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $251.90, for a total value of $926,236.30. Following the transaction, the insider now directly owns 79,576 shares of the company’s stock, valued at approximately $20,045,194.40. This trade represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 369,374 shares of company stock valued at $95,786,918 in the last 90 days. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on WDAY shares. BNP Paribas upgraded Workday to a “strong-buy” rating in a research note on Friday, February 14th. Citigroup decreased their target price on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Bank of America decreased their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Loop Capital upped their price objective on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $302.14.

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.