Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 9.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 300,017 shares of the software maker’s stock after acquiring an additional 26,348 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Workday were worth $82,823,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its holdings in Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after acquiring an additional 3,260 shares during the period. Morgan Stanley boosted its holdings in Workday by 47.0% in the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after acquiring an additional 872,288 shares during the period. Assetmark Inc. boosted its holdings in Workday by 9.9% in the 4th quarter. Assetmark Inc. now owns 21,414 shares of the software maker’s stock worth $5,912,000 after acquiring an additional 1,933 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Workday by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 744,482 shares of the software maker’s stock valued at $205,522,000 after purchasing an additional 26,307 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Workday in the 4th quarter valued at approximately $481,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WDAY. Barclays cut their target price on Workday from $316.00 to $286.00 and set an “overweight” rating on the stock in a research report on Friday. Guggenheim reissued a “sell” rating and set a $190.00 price target on shares of Workday in a research report on Friday. Evercore ISI lowered their price objective on Workday from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday. Jefferies Financial Group lowered their price objective on Workday from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Friday. Finally, Robert W. Baird decreased their price target on Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $282.21.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 65,221 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the transaction, the insider now owns 102,997 shares in the company, valued at $27,633,065.13. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the transaction, the insider now owns 165,932 shares in the company, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 435,691 shares of company stock worth $117,731,569. 20.00% of the stock is owned by insiders.

Workday Price Performance

Workday stock traded down $39.99 on Friday, reaching $220.91. The company’s stock had a trading volume of 15,611,982 shares, compared to its average volume of 2,015,121. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 7.75 and a beta of 1.33. Workday, Inc. has a twelve month low of $192.68 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The business’s fifty day moving average price is $260.89 and its 200 day moving average price is $268.88.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities analysts expect that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

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.