Mn Services Vermogensbeheer B.V. Reduces Holdings in Workday, Inc. (NASDAQ:WDAY)

Mn Services Vermogensbeheer B.V. lowered its stake in Workday, Inc. (NASDAQ:WDAY) by 2.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,200 shares of the software maker’s stock after selling 2,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Workday were worth $18,377,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of Workday by 48.1% during the 4th quarter. CWM LLC now owns 5,467 shares of the software maker’s stock worth $1,509,000 after purchasing an additional 1,776 shares during the last quarter. Duality Advisers LP acquired a new stake in Workday during the fourth quarter worth approximately $808,000. Linden Thomas Advisory Services LLC grew its stake in Workday by 14.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 4,462 shares of the software maker’s stock worth $1,232,000 after acquiring an additional 563 shares during the period. GAMMA Investing LLC acquired a new position in Workday in the 4th quarter valued at $134,000. Finally, Yousif Capital Management LLC lifted its stake in shares of Workday by 3.4% during the 4th quarter. Yousif Capital Management LLC now owns 2,343 shares of the software maker’s stock worth $647,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the completion of the transaction, the insider now owns 204,066 shares of the company’s stock, valued at $43,759,913.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the sale, the insider now directly owns 562,000 shares in the company, valued at $128,877,840. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the completion of the transaction, the insider now owns 204,066 shares of the company’s stock, valued at approximately $43,759,913.04. The disclosure for this sale can be found here. Insiders sold a total of 524,672 shares of company stock worth $115,938,834 in the last three months. 20.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WDAY shares. TD Cowen dropped their target price on Workday from $330.00 to $290.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Piper Sandler upped their price objective on shares of Workday from $262.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America increased their price objective on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets dropped their price target on shares of Workday from $338.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Finally, Robert W. Baird cut their price target on shares of Workday from $316.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.15.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $28.87 during midday trading on Friday, hitting $259.95. The company’s stock had a trading volume of 9,701,850 shares, compared to its average volume of 2,106,519. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The firm’s fifty day moving average price is $223.72 and its 200-day moving average price is $247.95. The firm has a market cap of $68.89 billion, a P/E ratio of 46.84, a P/E/G ratio of 5.82 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.46% and a net margin of 19.59%. Workday’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, sell-side analysts forecast that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Workday 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.