Workday Inc (WDAY) Stake Lessened by APG Asset Management N.V.
APG Asset Management N.V. decreased its position in Workday Inc (NASDAQ:WDAY) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 65,653 shares of the software maker’s stock after selling 1,701 shares during the period. APG Asset Management N.V.’s holdings in Workday were worth $5,563,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. grew its holdings in shares of Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock worth $123,000 after purchasing an additional 236 shares during the last quarter. FNY Managed Accounts LLC grew its holdings in shares of Workday by 607.7% in the third quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock worth $145,000 after purchasing an additional 1,185 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Workday by 15.1% in the second quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock worth $149,000 after purchasing an additional 201 shares during the last quarter. IBM Retirement Fund bought a new position in shares of Workday in the third quarter worth approximately $204,000. Finally, BlueSky Wealth Advisors LLC bought a new position in shares of Workday in the third quarter worth approximately $206,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.
Workday Inc (NASDAQ WDAY) opened at $117.49 on Monday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $24,672.90, a price-to-earnings ratio of -71.64 and a beta of 2.01. Workday Inc has a 52-week low of $80.61 and a 52-week high of $121.98.
WDAY has been the topic of several recent analyst reports. FBN Securities upgraded shares of Workday from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $115.00 to $125.00 in a report on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and issued a $114.00 target price on shares of Workday in a report on Thursday, October 12th. Cowen reaffirmed a “market perform” rating and issued a $100.00 price target on shares of Workday in a research note on Saturday, October 14th. JMP Securities lowered Workday from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, October 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $125.00 price target on shares of Workday in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $106.81.
In other Workday news, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $100.34, for a total transaction of $7,525,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark S. Peek sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $100.92, for a total value of $1,513,800.00. The disclosure for this sale can be found here. Insiders have sold 1,197,306 shares of company stock valued at $126,753,397 in the last three months. Insiders own 37.71% of the company’s stock.
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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