Swiss National Bank Has $81.21 Million Stock Holdings in Workday, Inc. $WDAY

Swiss National Bank grew its position in Workday, Inc. (NASDAQ:WDAY) by 5.1% during the first quarter, HoldingsChannel reports. The firm owned 625,100 shares of the software maker’s stock after buying an additional 30,400 shares during the quarter. Swiss National Bank’s holdings in Workday were worth $81,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Workday during the fourth quarter valued at about $448,804,000. Harvest Fund Management Co. Ltd lifted its position in shares of Workday by 40.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 55,605 shares of the software maker’s stock worth $11,943,000 after purchasing an additional 15,903 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Workday by 18.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker’s stock worth $122,804,000 after purchasing an additional 88,384 shares during the last quarter. Aurora Investment Counsel bought a new stake in Workday during the 4th quarter valued at approximately $2,357,000. Finally, Morningstar Investment Management LLC boosted its stake in Workday by 127.2% during the 4th quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock valued at $5,808,000 after purchasing an additional 15,138 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workday

In related news, insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the completion of the transaction, the insider directly owned 239,469 shares of the company’s stock, valued at $32,304,368.10. This trade represents a 2.19% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total transaction of $862,200.00. Following the sale, the chief financial officer owned 288,460 shares in the company, valued at $41,451,702. This represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last ninety days, insiders sold 875,020 shares of company stock worth $113,938,503. 18.64% of the stock is owned by corporate insiders.

Workday Trading Down 4.1%

Workday stock opened at $141.17 on Wednesday. The business has a 50 day moving average price of $132.42 and a two-hundred day moving average price of $143.01. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a market cap 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. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $2.23 EPS. Workday’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, equities analysts forecast that Workday, Inc. will post 5.35 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on WDAY. Wells Fargo & Company lifted their price target on Workday from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Needham & Company LLC reduced their price objective on Workday from $300.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. UBS Group raised their price objective on shares of Workday from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Workday in a research report on Wednesday, June 17th. Finally, Summit Redstone set a $275.00 target price on shares of Workday in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average price target of $179.80.

Workday 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.