SBI Securities Co. Ltd. Takes $153,000 Position in Workday, Inc. (NASDAQ:WDAY)

SBI Securities Co. Ltd. purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 594 shares of the software maker’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WDAY. Two Sigma Advisers LP boosted its position in shares of Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after acquiring an additional 562,400 shares during the last quarter. KBC Group NV boosted its position in shares of Workday by 340.3% during the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after acquiring an additional 506,812 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after acquiring an additional 480,459 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Workday by 2,166.1% during the 4th quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock valued at $104,044,000 after acquiring an additional 385,430 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Workday by 28.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,465,917 shares of the software maker’s stock valued at $378,250,000 after acquiring an additional 326,251 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WDAY shares. Guggenheim restated a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Oppenheimer boosted their price target on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group boosted their price target on shares of Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group boosted their price target on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus boosted their price target on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $302.14.

Workday Stock Performance

Shares of WDAY opened at $252.38 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $67.13 billion, a PE ratio of 41.85, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The company’s 50 day simple moving average is $258.39 and its 200-day simple moving average is $255.61. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. As a group, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In other Workday news, insider Richard Harry Sauer sold 3,677 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total value of $926,236.30. Following the completion of the sale, the insider now owns 79,576 shares of the company’s stock, valued at approximately $20,045,194.40. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $265.70, for a total value of $14,879,200.00. Following the transaction, the insider now directly owns 228,000 shares of the company’s stock, valued at $60,579,600. This trade represents a 19.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 435,829 shares of company stock worth $113,033,319 in the last three months. Insiders own 20.00% of the company’s stock.

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.