AIA Group Ltd Grows Holdings in Workday, Inc. (NASDAQ:WDAY)

AIA Group Ltd grew its stake in Workday, Inc. (NASDAQ:WDAY) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,725 shares of the software maker’s stock after buying an additional 676 shares during the period. AIA Group Ltd’s holdings in Workday were worth $10,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in shares of Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after purchasing an additional 3,260 shares in the last quarter. Morgan Stanley boosted its stake in shares of Workday by 47.0% in the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Workday in the 3rd quarter valued at $345,000. Assenagon Asset Management S.A. boosted its stake in shares of Workday by 58.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock valued at $76,902,000 after purchasing an additional 103,171 shares in the last quarter. Finally, Mariner LLC boosted its stake in shares of Workday by 21.1% in the 3rd quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock valued at $6,081,000 after purchasing an additional 4,927 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 65,221 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,633,065.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 65,221 shares of Workday 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 completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WDAY shares. BMO Capital Markets upped their price objective on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. Guggenheim reiterated a “sell” rating and set a $190.00 price target on shares of Workday in a report on Tuesday, February 27th. DA Davidson reiterated a “neutral” rating and set a $300.00 price target on shares of Workday in a report on Tuesday, February 27th. Finally, UBS Group lowered their price target on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Stock Down 0.3 %

Shares of NASDAQ:WDAY traded down $0.75 during midday trading on Thursday, reaching $256.27. The company’s stock had a trading volume of 843,987 shares, compared to its average volume of 1,774,408. The firm has a 50 day moving average of $280.10 and a 200-day moving average of $262.03. The firm has a market capitalization of $67.66 billion, a P/E ratio of 49.91, a PEG ratio of 6.44 and a beta of 1.32. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. Workday’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) EPS. On average, research analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current year.

About Workday

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.