Asahi Life Asset Management CO. LTD. acquired a new stake in Workday Inc (NASDAQ:WDAY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,740 shares of the software maker’s stock, valued at approximately $528,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Nvwm LLC boosted its holdings in shares of Workday by 2.6% during the 4th quarter. Nvwm LLC now owns 5,073 shares of the software maker’s stock worth $810,000 after buying an additional 127 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Workday by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 17,941 shares of the software maker’s stock worth $2,864,000 after buying an additional 144 shares during the period. Cypress Asset Management Inc. TX boosted its holdings in shares of Workday by 175.7% during the 4th quarter. Cypress Asset Management Inc. TX now owns 11,620 shares of the software maker’s stock worth $1,855,000 after buying an additional 7,405 shares during the period. Standard Life Aberdeen plc boosted its holdings in shares of Workday by 3.8% during the 4th quarter. Standard Life Aberdeen plc now owns 7,699 shares of the software maker’s stock worth $1,220,000 after buying an additional 279 shares during the period. Finally, Telemark Asset Management LLC bought a new stake in shares of Workday during the 4th quarter worth about $15,968,000. 68.79% of the stock is owned by institutional investors.

WDAY has been the subject of several research analyst reports. KeyCorp lifted their target price on shares of Workday from $179.00 to $216.00 and gave the stock an “overweight” rating in a report on Monday, February 11th. Cowen upgraded shares of Workday from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $160.00 to $225.00 in a research note on Friday, February 15th. BMO Capital Markets lifted their price objective on shares of Workday to $215.00 and gave the stock a “market perform” rating in a research note on Friday, February 22nd. They noted that the move was a valuation call. Monness Crespi & Hardt reiterated a “buy” rating and issued a $220.00 price objective (up previously from $185.00) on shares of Workday in a research note on Tuesday, February 26th. Finally, Oppenheimer lifted their price objective on shares of Workday from $185.00 to $216.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $185.69.

In related news, Director David A. Duffield sold 278,758 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $179.40, for a total transaction of $50,009,185.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $179.58, for a total transaction of $53,874,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,125,508 shares of company stock valued at $208,331,415 over the last 90 days. Corporate insiders own 29.80% of the company’s stock.

Shares of NASDAQ:WDAY opened at $204.99 on Thursday. The company has a market capitalization of $45.51 billion, a PE ratio of -168.02 and a beta of 1.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. Workday Inc has a 12 month low of $117.24 and a 12 month high of $208.33.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, February 28th. The software maker reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.02. The company had revenue of $788.63 million during the quarter, compared to analysts’ expectations of $776.84 million. Workday had a negative net margin of 14.82% and a negative return on equity of 14.75%. As a group, research analysts expect that Workday Inc will post -1.2 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Asahi Life Asset Management CO. LTD. Invests $528,000 in Workday Inc (WDAY)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2019/05/16/asahi-life-asset-management-co-ltd-invests-528000-in-workday-inc-wday.html.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

Read More: How is a Moving Average Calculated?

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc (NASDAQ:WDAY).

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.