75,058 Shares in Workday, Inc. $WDAY Bought by SEB Asset Management AB

SEB Asset Management AB bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,058 shares of the software maker’s stock, valued at approximately $9,752,000.

A number of other institutional investors have also bought and sold shares of WDAY. Auto Owners Insurance Co raised its position in shares of Workday by 25,412.8% in the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after acquiring an additional 10,190,516 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 during the period. Janus Henderson Group PLC boosted its position in shares of Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after purchasing an additional 2,525,821 shares in the last quarter. Norges Bank acquired a new stake in Workday during the fourth quarter worth approximately $448,804,000. Finally, First Eagle Investment Management LLC grew its stake in Workday by 87.8% during the fourth quarter. First Eagle Investment Management LLC now owns 4,338,773 shares of the software maker’s stock worth $931,882,000 after purchasing an additional 2,028,085 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 4.1%

Workday stock opened at $141.17 on Wednesday. The firm has a market capitalization of $34.87 billion, a price-to-earnings ratio of 44.12, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11. The firm’s fifty day moving average price is $132.42 and its two-hundred day moving average price is $143.01. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $249.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $2.23 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, equities research analysts predict that Workday, Inc. will post 5.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. Jefferies Financial Group raised their price objective on shares of Workday from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Workday in a research note on Wednesday, June 17th. Wolfe Research reiterated an “outperform” rating and set a $160.00 target price on shares of Workday in a research report on Friday, May 22nd. Finally, Piper Sandler increased their target price on shares of Workday from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.80.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total value of $13,119,300.00. Following the transaction, the insider owned 105,049 shares in the company, valued at $12,820,179.96. This trade represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total value of $862,200.00. Following the transaction, the chief financial officer directly owned 288,460 shares in the company, valued at approximately $41,451,702. The trade was a 2.04% 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. In the last quarter, insiders sold 875,020 shares of company stock worth $113,938,503. Insiders own 18.64% of the company’s stock.

Workday Company 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.