Workday, Inc. (NASDAQ:WDAY) Position Increased by AGF Management Ltd.

AGF Management Ltd. increased its position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 151.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,205 shares of the software maker’s stock after buying an additional 1,928 shares during the quarter. AGF Management Ltd.’s holdings in Workday were worth $885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. raised its holdings in Workday by 5.1% during the fourth quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after buying an additional 3,260 shares in the last quarter. Morgan Stanley raised its holdings in Workday by 47.0% during the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after buying an additional 872,288 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Workday by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 744,482 shares of the software maker’s stock valued at $205,522,000 after buying an additional 26,307 shares in the last quarter. QRG Capital Management Inc. bought a new position in Workday during the third quarter valued at about $345,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Workday by 58.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock worth $76,902,000 after purchasing an additional 103,171 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Performance

NASDAQ:WDAY opened at $251.31 on Thursday. The stock has a market capitalization of $66.35 billion, a P/E ratio of 48.80, a price-to-earnings-growth ratio of 6.17 and a beta of 1.33. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 1 year low of $182.59 and a 1 year high of $311.28. The firm has a 50 day moving average of $262.30 and a 200-day moving average of $267.43.

Workday (NASDAQ:WDAYGet Free Report) last released its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted ($0.14) EPS. As a group, sell-side analysts anticipate that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WDAY. StockNews.com lowered Workday from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 8th. UBS Group dropped their price objective on Workday from $315.00 to $300.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price objective on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group lifted their price objective on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Citigroup lifted their price objective on Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $295.21.

Get Our Latest Stock Report on WDAY

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the sale, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Richard Harry Sauer sold 8,447 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the transaction, the insider now owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock valued at $117,731,569 over the last ninety days. 20.00% of the stock is owned by insiders.

Workday Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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