Commerzbank Aktiengesellschaft FI Increases Position in Workday, Inc. (NASDAQ:WDAY)

Commerzbank Aktiengesellschaft FI grew its stake in Workday, Inc. (NASDAQ:WDAY) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,078 shares of the software maker’s stock after acquiring an additional 342 shares during the quarter. Workday comprises about 0.8% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 29th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in Workday were worth $19,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its position in shares of Workday by 40.3% in the 4th quarter. Handelsbanken Fonder AB now owns 59,685 shares of the software maker’s stock worth $16,477,000 after purchasing an additional 17,144 shares in the last quarter. CWM LLC lifted its position in Workday by 48.1% during the 4th quarter. CWM LLC now owns 5,467 shares of the software maker’s stock worth $1,509,000 after acquiring an additional 1,776 shares during the period. Signaturefd LLC lifted its position in Workday by 2.5% during the 4th quarter. Signaturefd LLC now owns 3,466 shares of the software maker’s stock worth $957,000 after acquiring an additional 86 shares during the period. Verdence Capital Advisors LLC lifted its position in Workday by 6.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,096 shares of the software maker’s stock worth $1,959,000 after acquiring an additional 425 shares during the period. Finally, Lindbrook Capital LLC lifted its position in Workday by 13.1% during the 4th quarter. Lindbrook Capital LLC now owns 570 shares of the software maker’s stock worth $157,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Price Performance

Shares of Workday stock traded down $3.42 during trading on Friday, hitting $252.22. 1,543,941 shares of the company were exchanged, compared to its average volume of 1,325,738. 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 fifty-two week low of $174.25 and a fifty-two week high of $311.28. The stock has a market capitalization of $66.59 billion, a price-to-earnings ratio of 48.97, a P/E/G ratio of 6.30 and a beta of 1.32. The firm has a 50 day moving average price of $278.19 and a 200 day moving average price of $262.64.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on WDAY. KeyCorp lifted their price target on Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. TheStreet raised Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. Barclays lowered their price target on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. Citigroup boosted their price objective on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, Mizuho boosted their price objective on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Insider Buying and Selling at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George J. Still, Jr. sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the sale, the director now directly owns 105,000 shares of the company’s stock, valued at $28,404,600. The disclosure for this sale can be found here. In the last three months, insiders sold 435,691 shares of company stock worth $117,731,569. Insiders own 21.09% of the company’s stock.

Workday 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.