Vontobel Holding Ltd. Buys 352,227 Shares of Workday, Inc. $WDAY

Vontobel Holding Ltd. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 71.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 842,654 shares of the software maker’s stock after buying an additional 352,227 shares during the quarter. Vontobel Holding Ltd. owned 0.32% of Workday worth $202,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDAY. DAVENPORT & Co LLC boosted its stake in Workday by 9.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 18,136 shares of the software maker’s stock worth $4,369,000 after purchasing an additional 1,608 shares during the period. Net Worth Advisory Group bought a new stake in shares of Workday in the third quarter valued at about $333,000. Farther Finance Advisors LLC boosted its position in shares of Workday by 1.2% during the third quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock worth $994,000 after buying an additional 49 shares during the period. Berger Financial Group Inc grew its holdings in shares of Workday by 1.0% during the third quarter. Berger Financial Group Inc now owns 22,043 shares of the software maker’s stock worth $5,306,000 after buying an additional 223 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Workday by 1,312.9% during the third quarter. Exchange Traded Concepts LLC now owns 17,986 shares of the software maker’s stock worth $4,330,000 after buying an additional 16,713 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of WDAY stock opened at $215.44 on Wednesday. The company has a fifty day moving average price of $226.26 and a two-hundred day moving average price of $231.10. Workday, Inc. has a one year low of $205.33 and a one year high of $283.68. The stock has a market cap of $56.66 billion, a P/E ratio of 90.52, a P/E/G ratio of 2.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the firm earned $1.89 EPS. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on WDAY shares. Raymond James Financial began coverage on Workday in a research report on Friday, November 21st. They set a “market perform” rating for the company. Oppenheimer reissued an “outperform” rating on shares of Workday in a research report on Wednesday, November 26th. Citizens Jmp restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Wednesday, November 26th. DA Davidson lowered their price target on shares of Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Finally, UBS Group set a $260.00 price target on shares of Workday in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $282.22.

Insider Transactions at Workday

In related news, Director Michael M. Mcnamara sold 5,393 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the sale, the director owned 24,078 shares in the company, valued at approximately $5,662,182.48. This represents a 18.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 81,434 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $215.98, for a total value of $17,588,115.32. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $22,688,483.02. This represents a 43.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 266,937 shares of company stock valued at $59,316,578. Company insiders own 20.00% of the company’s stock.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.