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

AIA Group Ltd raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.9% in the 4th quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Workday by 1.9% during the third quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock valued at $3,010,244,000 after buying an additional 263,994 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Workday by 37.4% during the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after buying an additional 1,406,153 shares during the last quarter. State Street Corp lifted its position in shares of Workday by 3.0% during the first quarter. State Street Corp now owns 4,270,722 shares of the software maker’s stock valued at $882,064,000 after buying an additional 126,266 shares during the last quarter. Polen Capital Management LLC raised its position in shares of Workday by 2.0% in the 3rd quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock valued at $848,726,000 after purchasing an additional 78,352 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Workday in the 4th quarter valued at approximately $600,504,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Harry Sauer sold 8,447 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the completion of the transaction, the insider now owns 66,356 shares in the company, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock worth $117,731,569 in the last quarter. Corporate insiders own 21.09% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY traded down $0.75 during midday trading on Thursday, reaching $256.27. 843,987 shares of the company’s stock traded hands, compared to its average volume of 1,774,408. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The company has a market cap 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 debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The company has a fifty day simple moving average of $280.10 and a two-hundred day simple moving average of $262.03.

Workday (NASDAQ:WDAY) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue was up 16.8% on a year-over-year basis. Equities analysts predict that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the subject of several research analyst reports. UBS Group decreased their price objective on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Citigroup increased their price objective on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group increased their price objective on shares of Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price objective on shares of Workday in a research report on Tuesday, February 27th. Finally, TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Company 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.