Nomura Asset Management Co. Ltd. Has $21.03 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Nomura Asset Management Co. Ltd. increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,489 shares of the software maker’s stock after purchasing an additional 3,333 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Workday were worth $21,027,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WDAY. Norges Bank acquired a new stake in Workday during the 4th quarter valued at $645,710,000. NEOS Investment Management LLC grew its holdings in shares of Workday by 105.8% during the fourth quarter. NEOS Investment Management LLC now owns 25,133 shares of the software maker’s stock worth $6,485,000 after purchasing an additional 12,923 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Workday by 68.0% in the fourth quarter. UniSuper Management Pty Ltd now owns 92,542 shares of the software maker’s stock valued at $23,879,000 after buying an additional 37,442 shares in the last quarter. Sava Infond d.o.o. bought a new position in shares of Workday in the fourth quarter valued at about $4,438,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Workday by 120.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 350,101 shares of the software maker’s stock worth $88,520,000 after buying an additional 191,150 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Stock Down 2.5 %

Workday stock opened at $238.49 on Friday. The company has a 50 day moving average of $256.67 and a 200-day moving average of $254.82. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The stock has a market capitalization of $63.44 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

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

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $261.75, for a total value of $14,658,000.00. Following the sale, the insider now owns 172,000 shares in the company, valued at approximately $45,021,000. The trade was a 24.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Insiders sold 487,145 shares of company stock valued at $123,289,438 over the last three months. Company insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of a number of research analyst reports. Daiwa America raised shares of Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. BMO Capital Markets raised their price target on shares of Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, BNP Paribas raised Workday to a “strong-buy” rating in a research note on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $300.36.

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.