Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Swedbank AB

Swedbank AB increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 2.1% during the third quarter, Holdings Channel.com reports. The fund owned 82,847 shares of the software maker’s stock after acquiring an additional 1,668 shares during the quarter. Swedbank AB’s holdings in Workday were worth $20,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. The Manufacturers Life Insurance Company boosted its position in shares of Workday by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after purchasing an additional 1,016,394 shares in the last quarter. Legal & General Group Plc boosted its holdings in Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after buying an additional 118,180 shares in the last quarter. Bank of New York Mellon Corp grew its position in Workday by 15.2% in the second quarter. Bank of New York Mellon Corp now owns 1,167,131 shares of the software maker’s stock worth $260,924,000 after buying an additional 153,577 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Workday by 0.4% in the third quarter. Van ECK Associates Corp now owns 934,828 shares of the software maker’s stock valued at $226,266,000 after buying an additional 4,127 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Workday by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 835,203 shares of the software maker’s stock valued at $204,132,000 after acquiring an additional 24,195 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Down 0.0 %

Workday stock opened at $267.69 on Tuesday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company’s fifty day moving average price is $248.08 and its two-hundred day moving average price is $237.05. The company has a market capitalization of $70.94 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 5.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Monday. Piper Sandler reissued an “overweight” rating and issued a $285.00 price target on shares of Workday in a research note on Wednesday, September 18th. DA Davidson raised their target price on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. JMP Securities reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Thursday, September 19th. Finally, Evercore ISI reduced their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $289.46.

Insider Activity

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the transaction, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. This trade represents a 16.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $22,990,500. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 359,954 shares of company stock valued at $88,742,132. Insiders own 20.00% of the company’s stock.

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.