Workday, Inc. (NASDAQ:WDAY) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its position in Workday, Inc. (NASDAQ:WDAY) by 3.5% during the 2nd quarter, Holdings Channel reports. The fund owned 35,448 shares of the software maker’s stock after selling 1,304 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Workday were worth $8,457,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WDAY. Commonwealth Equity Services LLC raised its holdings in Workday by 5.9% in the first quarter. Commonwealth Equity Services LLC now owns 21,276 shares of the software maker’s stock valued at $5,285,000 after acquiring an additional 1,191 shares in the last quarter. Commerce Bank raised its holdings in Workday by 2.6% in the first quarter. Commerce Bank now owns 3,838 shares of the software maker’s stock valued at $953,000 after acquiring an additional 99 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in Workday by 5.2% in the first quarter. Standard Life Aberdeen plc now owns 20,769 shares of the software maker’s stock valued at $5,160,000 after acquiring an additional 1,028 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Workday by 12.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,119 shares of the software maker’s stock valued at $9,967,000 after acquiring an additional 4,491 shares in the last quarter. Finally, Institutional & Family Asset Management LLC raised its holdings in Workday by 89.1% in the first quarter. Institutional & Family Asset Management LLC now owns 104 shares of the software maker’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. 69.20% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on WDAY shares. The Goldman Sachs Group increased their price target on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, August 27th. BMO Capital Markets increased their price target on shares of Workday from $260.00 to $295.00 and gave the company a “market perform” rating in a research note on Friday, August 27th. Mizuho increased their price target on shares of Workday from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 27th. Cowen increased their price target on shares of Workday from $250.00 to $260.00 and gave the company a “market perform” rating in a research note on Friday, August 27th. Finally, Piper Sandler increased their price target on shares of Workday from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Friday, August 27th. Five research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $300.36.

In other news, Director David A. Duffield sold 274,565 shares of Workday stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $273.19, for a total transaction of $75,008,412.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gomez Luciano Fernandez sold 2,571 shares of Workday stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $276.53, for a total value of $710,958.63. The disclosure for this sale can be found here. In the last three months, insiders sold 299,105 shares of company stock valued at $80,910,048. 24.06% of the stock is owned by corporate insiders.

Shares of NASDAQ WDAY opened at $271.07 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a fifty day moving average price of $246.12 and a 200 day moving average price of $243.51. Workday, Inc. has a 1-year low of $195.81 and a 1-year high of $282.77. The company has a market cap of $67.23 billion, a PE ratio of -1,505.86 and a beta of 1.28.

Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, August 25th. The software maker reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.45. Workday had a positive return on equity of 3.49% and a negative net margin of 0.79%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.84 earnings per share. Workday’s quarterly revenue was up 18.7% compared to the same quarter last year. Analysts anticipate that Workday, Inc. will post 0.09 earnings per share for the current fiscal year.

Workday Profile

Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.

See Also: Trading Strategy Methods for Individual Investors

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.