Commerzbank Aktiengesellschaft FI Lowers Position in Workday, Inc. (NASDAQ:WDAY)

Commerzbank Aktiengesellschaft FI decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 139,245 shares of the software maker’s stock after selling 258 shares during the period. Commerzbank Aktiengesellschaft FI owned 0.05% of Workday worth $35,929,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crews Bank & Trust purchased a new position in Workday during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC bought a new stake in Workday during the 4th quarter valued at $25,000. Avion Wealth increased its holdings in shares of Workday by 452.6% in the 4th 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. Capital Performance Advisors LLP bought a new position in shares of Workday in the 3rd quarter worth $26,000. Finally, Meeder Asset Management Inc. raised its position in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, major shareholder David A. Duffield sold 70,090 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $26,215,826.41. The trade was a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 369,374 shares of company stock worth $95,786,918 over the last three months. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Down 3.3 %

WDAY stock opened at $254.57 on Tuesday. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm’s fifty day moving average is $259.48 and its 200 day moving average is $255.31. The firm has a market cap of $67.72 billion, a PE ratio of 42.22, a P/E/G ratio of 3.55 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on WDAY. Guggenheim reiterated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price target on shares of Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Oppenheimer boosted their price objective 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. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Canaccord Genuity Group lifted their price target on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $302.14.

About Workday

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.