PensionDanmark Pensionsforsikringsaktieselskab Has $1.69 Million Position in Workday, Inc. $WDAY

PensionDanmark Pensionsforsikringsaktieselskab lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 62.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,767 shares of the software maker’s stock after selling 22,839 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Workday were worth $1,685,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WDAY. Assenagon Asset Management S.A. boosted its holdings in Workday by 210.3% in the second quarter. Assenagon Asset Management S.A. now owns 375,703 shares of the software maker’s stock valued at $45,994,000 after acquiring an additional 254,623 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in Workday by 5.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 1,960 shares of the software maker’s stock worth $240,000 after purchasing an additional 104 shares during the last quarter. Avior Wealth Management LLC bought a new stake in Workday during the 2nd quarter worth about $205,000. Trinity Financial Advisors LLC lifted its position in Workday by 16.2% during the 2nd quarter. Trinity Financial Advisors LLC now owns 1,997 shares of the software maker’s stock valued at $244,000 after purchasing an additional 278 shares during the period. Finally, Kozak & Associates Inc. lifted its position in Workday by 28.6% during the 2nd quarter. Kozak & Associates Inc. now owns 2,416 shares of the software maker’s stock valued at $315,000 after purchasing an additional 538 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total value of $13,119,300.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $12,820,179.96. This trade represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of Workday stock in a transaction on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares in the company, valued at $32,304,368.10. The trade was a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 875,020 shares of company stock worth $113,938,503. 18.64% of the stock is owned by insiders.

Workday Stock Up 2.5%

Shares of Workday stock opened at $184.19 on Tuesday. The business’s 50 day simple moving average is $140.93 and its 200 day simple moving average is $138.87. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $249.85. The firm has a market cap of $45.49 billion, a PE ratio of 57.56, a P/E/G ratio of 1.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $2.23 EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that Workday, Inc. will post 5.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. The Goldman Sachs Group cut their price objective on shares of Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. Bank of America began coverage on shares of Workday in a report on Wednesday, May 27th. They set a “neutral” rating and a $140.00 target price for the company. HC Wainwright set a $140.00 target price on shares of Workday in a research report on Wednesday, May 27th. Finally, Summit Redstone set a $275.00 price target on Workday in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $181.29.

About Workday

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.