KBC Group NV Has $30.69 Million Stake in Workday Inc (WDAY)

KBC Group NV lifted its holdings in shares of Workday Inc (NASDAQ:WDAY) by 1,239.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,655 shares of the software maker’s stock after buying an additional 279,135 shares during the quarter. KBC Group NV’s holdings in Workday were worth $30,691,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Toronto Dominion Bank grew its position in shares of Workday by 15.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock worth $149,000 after buying an additional 201 shares during the period. Advisor Group Inc. grew its position in shares of Workday by 22.5% during the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock worth $123,000 after buying an additional 236 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Workday by 6.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,862 shares of the software maker’s stock worth $763,000 after buying an additional 464 shares during the period. Candriam Luxembourg S.C.A. grew its position in shares of Workday by 6.5% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 8,187 shares of the software maker’s stock worth $863,000 after buying an additional 498 shares during the period. Finally, IFM Investors Pty Ltd grew its position in shares of Workday by 22.2% during the 4th quarter. IFM Investors Pty Ltd now owns 4,214 shares of the software maker’s stock worth $429,000 after buying an additional 766 shares during the period. Institutional investors own 66.90% of the company’s stock.

Workday Inc (WDAY) opened at $112.96 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday Inc has a one year low of $80.61 and a one year high of $121.98.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.10. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The firm had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The business’s revenue was up 35.6% on a year-over-year basis. equities analysts forecast that Workday Inc will post -1.1 EPS for the current year.

Several brokerages have recently commented on WDAY. Guggenheim reiterated a “hold” rating and set a $106.00 price target on shares of Workday in a research report on Thursday, January 11th. Wedbush restated a “neutral” rating and set a $104.00 price objective (down previously from $106.00) on shares of Workday in a report on Thursday, November 30th. Northland Securities restated a “hold” rating and set a $90.00 price objective on shares of Workday in a report on Sunday, October 29th. Drexel Hamilton restated a “buy” rating and set a $133.00 price objective on shares of Workday in a report on Wednesday, November 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Workday from $92.00 to $98.00 and gave the company a “hold” rating in a report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the company. Workday has a consensus rating of “Hold” and a consensus target price of $106.81.

In other news, CEO Aneel Bhusri sold 75,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $100.34, for a total value of $7,525,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James P. Shaughnessy sold 6,409 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $103.47, for a total transaction of $663,139.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,197,306 shares of company stock worth $126,753,397. Insiders own 37.71% of the company’s stock.

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Workday Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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