Neuberger Berman Group LLC Has $166.26 Million Holdings in Workday, Inc. $WDAY

Neuberger Berman Group LLC lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.6% in the second quarter, Holdings Channel.com reports. The firm owned 692,756 shares of the software maker’s stock after selling 25,696 shares during the period. Neuberger Berman Group LLC’s holdings in Workday were worth $166,262,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in WDAY. Rakuten Securities Inc. acquired a new stake in shares of Workday during the 2nd quarter valued at $25,000. Dagco Inc. bought a new stake in shares of Workday during the 1st quarter worth about $31,000. Berbice Capital Management LLC grew its holdings in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Workday by 2,216.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after acquiring an additional 133 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Workday in the second quarter worth about $41,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research reports. KeyCorp reduced their price target on shares of Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets dropped their price objective on Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Cowen reiterated a “buy” rating on shares of Workday in a research note on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $285.00 price target on shares of Workday in a report on Wednesday. Finally, Canaccord Genuity Group decreased their price objective on Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.70.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 75,053 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the transaction, the insider owned 102,997 shares in the company, valued at approximately $24,342,310.98. This represents a 42.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 264,933 shares of company stock valued at $61,475,760. Corporate insiders own 19.31% of the company’s stock.

Workday Price Performance

WDAY opened at $215.34 on Friday. The stock has a market cap of $57.50 billion, a P/E ratio of 90.48, a P/E/G ratio of 2.67 and a beta of 1.11. The company has a quick ratio of 2.10, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $233.59 and a 200 day simple moving average of $236.32. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the firm earned $1.89 EPS. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Workday Company 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.