Workday, Inc. $WDAY Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 31.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,206 shares of the software maker’s stock after buying an additional 6,480 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Workday were worth $5,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after purchasing an additional 3,210,232 shares in the last quarter. State Street Corp boosted its holdings in Workday by 0.8% during the third quarter. State Street Corp now owns 9,674,568 shares of the software maker’s stock worth $2,328,959,000 after buying an additional 74,052 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after buying an additional 1,882,391 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Workday by 41.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after buying an additional 1,103,421 shares during the period. Finally, Parnassus Investments LLC grew its position in Workday by 13.1% during the third quarter. Parnassus Investments LLC now owns 3,217,205 shares of the software maker’s stock worth $774,478,000 after buying an additional 371,561 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Down 2.3%

WDAY stock opened at $127.83 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50 day simple moving average is $129.72 and its 200-day simple moving average is $177.74. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $276.00. The firm has a market capitalization of $32.85 billion, a PE ratio of 49.55, a P/E/G ratio of 1.27 and a beta of 1.04.

Workday (NASDAQ:WDAY) last issued 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. Equities analysts expect that Workday, Inc. will post 5.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WDAY shares. KeyCorp reduced their price target on shares of Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Mizuho lowered their price target on Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Loop Capital set a $210.00 price objective on Workday in a research note on Thursday, March 12th. Citizens Jmp cut Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company decreased their target price on Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.71.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $129.76, for a total value of $13,949,200.00. Following the sale, the insider directly owned 105,049 shares in the company, valued at $13,631,158.24. This represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total value of $1,201,216.84. Following the sale, the insider directly owned 165,074 shares in the company, valued at approximately $21,193,850.86. The trade was a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 989,814 shares of company stock valued at $131,576,291. Insiders own 19.31% of the company’s stock.

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.