Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,163 shares of the software maker’s stock after purchasing an additional 4,593 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Workday were worth $16,287,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WDAY. Roxbury Financial LLC acquired a new position in shares of Workday during the fourth quarter worth $25,000. Crews Bank & Trust acquired a new stake in Workday in the fourth quarter valued at $26,000. Avion Wealth raised its holdings in Workday by 452.6% in 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 in the last quarter. Meeder Asset Management Inc. raised its holdings in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares in the last quarter. Finally, New Millennium Group LLC raised its holdings in Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after acquiring an additional 94 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Performance

WDAY opened at $237.22 on Friday. The business’s fifty day moving average is $257.09 and its 200-day moving average is $255.67. The firm has a market cap of $63.10 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion during 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%. Sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder David A. Duffield sold 66,455 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $26,729,781.44. This trade represents a 39.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 435,829 shares of company stock valued at $113,033,319. 20.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. BNP Paribas raised shares of Workday to a “strong-buy” rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and boosted their target price for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Scotiabank boosted their target price on shares of Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus boosted their target price on shares of Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $302.14.

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.