B. Metzler seel. Sohn & Co. AG Buys 1,742 Shares of Workday, Inc. (NASDAQ:WDAY)

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,658 shares of the software maker’s stock after purchasing an additional 1,742 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Workday were worth $7,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. Summit Financial LLC boosted its holdings in Workday by 5.6% during the fourth quarter. Summit Financial LLC now owns 7,362 shares of the software maker’s stock valued at $1,899,000 after acquiring an additional 391 shares during the period. Alliancebernstein L.P. boosted its stake in Workday by 124.6% during the 4th quarter. Alliancebernstein L.P. now owns 227,752 shares of the software maker’s stock valued at $58,767,000 after purchasing an additional 126,349 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Workday by 14.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,390 shares of the software maker’s stock valued at $3,713,000 after buying an additional 1,764 shares during the last quarter. Clearbridge Investments LLC increased its position in Workday by 5.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,663,398 shares of the software maker’s stock worth $687,237,000 after buying an additional 136,211 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Workday by 180.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,158,549 shares of the software maker’s stock worth $295,071,000 after buying an additional 745,435 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 431,145 shares of company stock worth $108,631,438. Insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a report on Friday, February 14th. KeyCorp upped their price objective on shares of Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Royal Bank of Canada lifted their target price on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group cut their price target on Workday from $350.00 to $325.00 and set a “buy” rating for the company in a report on Monday. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $300.18.

Workday Stock Down 2.1 %

Shares of NASDAQ WDAY opened at $233.53 on Tuesday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The firm’s 50-day simple moving average is $256.35 and its 200 day simple moving average is $254.69. 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 company has a market cap of $62.12 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

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

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.