Workday, Inc. $WDAY Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,532,605 shares of the software maker’s stock after purchasing an additional 6,972 shares during the period. Legal & General Group Plc’s holdings in Workday were worth $329,173,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WDAY. Brighton Jones LLC increased its position in shares of Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the period. Empowered Funds LLC boosted its stake in shares of Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after acquiring an additional 1,206 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after acquiring an additional 127 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Workday in the 2nd quarter worth $281,000. Finally, NewEdge Advisors LLC raised its position in shares of Workday by 32.0% during the second quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock worth $1,583,000 after purchasing an additional 1,600 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WDAY has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $175.00 target price on shares of Workday in a research report on Monday, May 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Workday in a research report on Friday. Cantor Fitzgerald cut their target price on Workday from $200.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Barclays raised Workday from an “overweight” rating to a “buy” rating in a research report on Friday. Finally, William Blair raised Workday to a “strong-buy” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $188.03.

Insiders Place Their Bets

In related news, insider Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the sale, the insider owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. This trade represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total value of $769,320.00. Following the sale, the chief financial officer directly owned 217,930 shares of the company’s stock, valued at approximately $27,942,984.60. The trade was a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 989,814 shares of company stock valued at $131,576,291 over the last quarter. 18.64% of the stock is owned by insiders.

Workday Stock Performance

Shares of Workday stock opened at $124.02 on Wednesday. The stock has a market cap of $31.87 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.04. The business has a fifty day simple moving average of $125.61 and a 200-day simple moving average of $167.29. The company has a quick ratio of 1.32, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $257.09.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.23 earnings per share. On average, sell-side analysts anticipate that Workday, Inc. will post 5.12 EPS for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.