Vontobel Holding Ltd. Has $153.39 Million Stock Holdings in Workday, Inc. $WDAY

Vontobel Holding Ltd. decreased its position in Workday, Inc. (NASDAQ:WDAY) by 15.3% during the 4th quarter, Holdings Channel reports. The firm owned 714,149 shares of the software maker’s stock after selling 128,505 shares during the quarter. Vontobel Holding Ltd.’s holdings in Workday were worth $153,385,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WDAY. Brighton Jones LLC grew its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after purchasing an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Workday in the 2nd quarter worth about $281,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Workday by 32.0% in the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock worth $1,583,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Up 0.2%

Shares of NASDAQ:WDAY opened at $130.80 on Friday. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company’s 50-day moving average price is $128.10 and its two-hundred day moving average price is $160.02. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $32.31 billion, a P/E ratio of 40.88, a P/E/G ratio of 1.38 and a beta of 1.09.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The company’s revenue was up 13.5% on a year-over-year basis. As a group, research analysts forecast that Workday, Inc. will post 5.4 EPS for the current fiscal year.

Insider Activity

In other Workday news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total transaction of $769,320.00. Following the sale, the chief financial officer owned 217,930 shares of the company’s stock, valued at $27,942,984.60. This represents a 2.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $138.32, for a total transaction of $14,869,400.00. Following the transaction, the insider owned 105,049 shares in the company, valued at approximately $14,530,377.68. The trade was a 50.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 774,814 shares of company stock worth $102,709,316. 18.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on WDAY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Workday in a report on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and issued a $175.00 target price on shares of Workday in a report on Monday, May 18th. TD Cowen reaffirmed a “hold” rating on shares of Workday in a report on Friday, May 22nd. Jefferies Financial Group upped their target price on shares of Workday from $115.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, May 22nd. Finally, Evercore lowered shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective on the stock. in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $185.03.

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.