Deutsche Bank AG Purchases 196,498 Shares of Workday, Inc. (NASDAQ:WDAY)

Deutsche Bank AG lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 879,953 shares of the software maker’s stock after purchasing an additional 196,498 shares during the quarter. Deutsche Bank AG owned 0.33% of Workday worth $227,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplicity Wealth LLC raised its holdings in Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after buying an additional 37 shares during the period. Marcum Wealth LLC increased its position in shares of Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after acquiring an additional 41 shares in the last quarter. Custom Index Systems LLC raised its holdings in shares of Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after acquiring an additional 41 shares during the period. AllSquare Wealth Management LLC lifted its position in Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after acquiring an additional 41 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in Workday by 1.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock worth $745,000 after purchasing an additional 43 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

NASDAQ WDAY opened at $259.01 on Friday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The firm has a 50-day moving average price of $238.49 and a two-hundred day moving average price of $252.15. The company has a market capitalization of $68.90 billion, a P/E ratio of 42.95, a P/E/G ratio of 3.55 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In related news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares of the company’s stock, valued at $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark S. Garfield sold 497 shares of the company’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at $7,789,921.75. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock valued at $77,976,126 over the last quarter. 19.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. Jefferies Financial Group reduced their price objective on Workday from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Monday, March 31st. UBS Group lifted their price objective on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. DA Davidson decreased their target price on shares of Workday from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. KeyCorp boosted their price target on shares of Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group raised their price objective on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.62.

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.