AIA Group Ltd Purchases 2,732 Shares of Workday, Inc. (NASDAQ:WDAY)

AIA Group Ltd grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 12.7% in the third quarter, Holdings Channel reports. The fund owned 24,265 shares of the software maker’s stock after buying an additional 2,732 shares during the quarter. AIA Group Ltd’s holdings in Workday were worth $5,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Csenge Advisory Group lifted its position in Workday by 30.1% during the first quarter. Csenge Advisory Group now owns 1,075 shares of the software maker’s stock valued at $293,000 after purchasing an additional 249 shares during the last quarter. Duality Advisers LP lifted its holdings in shares of Workday by 117.8% in the 1st quarter. Duality Advisers LP now owns 6,372 shares of the software maker’s stock valued at $1,738,000 after acquiring an additional 3,446 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Workday by 36.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,493 shares of the software maker’s stock worth $4,226,000 after acquiring an additional 4,115 shares in the last quarter. Quantbot Technologies LP bought a new stake in Workday during the first quarter worth approximately $3,282,000. Finally, Empowered Funds LLC increased its stake in Workday by 149.6% during the first quarter. Empowered Funds LLC now owns 6,995 shares of the software maker’s stock worth $1,908,000 after acquiring an additional 4,193 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the sale, the director now directly owns 8,674 shares in the company, valued at approximately $2,097,806.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now directly owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock worth $91,506,897 in the last three months. 20.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WDAY. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, September 19th. Needham & Company LLC dropped their price objective on shares of Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Barclays increased their target price on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Wells Fargo & Company lifted their price target on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Evercore ISI cut their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Workday Price Performance

Shares of WDAY opened at $257.98 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The company has a 50 day moving average price of $245.97 and a 200-day moving average price of $235.90. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The stock has a market capitalization of $68.36 billion, a PE ratio of 44.94, a PEG ratio of 5.00 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. Workday’s revenue was up 16.5% on a year-over-year basis. Equities analysts predict that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

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.