Neuberger Berman Group LLC Sells 16,416 Shares of Workday, Inc. (NASDAQ:WDAY)

Neuberger Berman Group LLC trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 3.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 521,377 shares of the software maker’s stock after selling 16,416 shares during the quarter. Neuberger Berman Group LLC’s holdings in Workday were worth $124,412,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WDAY. Principal Financial Group Inc. lifted its position in shares of Workday by 12.7% during the 1st quarter. Principal Financial Group Inc. now owns 15,325 shares of the software maker’s stock valued at $3,807,000 after acquiring an additional 1,725 shares during the period. Norinchukin Bank The lifted its position in shares of Workday by 44.2% during the 1st quarter. Norinchukin Bank The now owns 1,759 shares of the software maker’s stock worth $437,000 after buying an additional 539 shares during the last quarter. E Fund Management Co. Ltd. bought a new stake in shares of Workday during the 1st quarter worth $448,000. Quilter Plc lifted its position in shares of Workday by 6.4% during the 1st quarter. Quilter Plc now owns 1,374 shares of the software maker’s stock worth $341,000 after buying an additional 83 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Workday by 18.9% during the 1st quarter. Quadrant Capital Group LLC now owns 672 shares of the software maker’s stock worth $167,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

NASDAQ WDAY opened at $266.60 on Thursday. The business has a 50 day simple moving average of $255.91 and a 200 day simple moving average of $245.01. Workday, Inc. has a one year low of $201.62 and a one year high of $282.77. The stock has a market capitalization of $66.12 billion, a P/E ratio of -1,481.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 1.04.

Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, August 25th. The software maker reported $1.23 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. Equities analysts expect that Workday, Inc. will post 0.09 earnings per share for the current year.

In other Workday news, CEO Gomez Luciano Fernandez sold 1,770 shares of the firm’s stock in a transaction that occurred on Friday, September 3rd. The stock was sold at an average price of $270.92, for a total value of $479,528.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Duffield sold 298,688 shares of the firm’s stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $251.13, for a total value of $75,009,517.44. The disclosure for this sale can be found here. Insiders have sold 579,787 shares of company stock valued at $151,807,535 in the last ninety days. 24.06% of the stock is currently owned by insiders.

WDAY has been the subject of several recent analyst reports. Piper Sandler upped their price objective on Workday from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, August 27th. BMO Capital Markets upped their price objective on Workday from $260.00 to $295.00 and gave the stock a “market perform” rating in a research report on Friday, August 27th. KeyCorp upped their price objective on Workday from $295.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, August 27th. Loop Capital increased their target price on Workday from $320.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, August 30th. Finally, Mizuho increased their target price on Workday from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 27th. Four analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, Workday presently has an average rating of “Buy” and an average target price of $305.00.

Workday Company 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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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