Union Bancaire Privee UBP SA Buys 4,198 Shares of Workday, Inc. (NASDAQ:WDAY)

Union Bancaire Privee UBP SA grew its position in Workday, Inc. (NASDAQ:WDAY) by 11.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,930 shares of the software maker’s stock after purchasing an additional 4,198 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Workday were worth $9,110,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Roxbury Financial LLC acquired a new position in Workday in the 4th quarter valued at $25,000. Avion Wealth boosted its holdings in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in shares of Workday in the fourth quarter valued at about $35,000. Rakuten Securities Inc. grew its position in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock valued at $39,000 after purchasing an additional 66 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock worth $36,000 after purchasing an additional 54 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

WDAY stock opened at $251.36 on Thursday. The company has a 50 day moving average price of $244.11 and a 200 day moving average price of $252.77. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $67.11 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 earnings per share. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on WDAY shares. Citigroup downgraded Workday from a “neutral” rating to a “mixed” rating in a research report on Friday, May 16th. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of Workday in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price objective on Workday from $310.00 to $295.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Piper Sandler reissued a “neutral” rating and issued a $255.00 price target (up previously from $230.00) on shares of Workday in a report on Friday, May 23rd. Finally, Jefferies Financial Group reduced their price objective on shares of Workday from $350.00 to $325.00 and set a “buy” rating for the company in a report on Monday, March 31st. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $293.54.

Insider Activity

In related news, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $22,111,395.96. This represents a 44.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the transaction, the chief executive officer now owns 10,847 shares of the company’s stock, valued at approximately $2,544,814.67. This represents a 22.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,338 shares of company stock valued at $59,928,801. 19.31% of the stock is currently owned by insiders.

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.