National Pension Service Increases Stake in Workday, Inc. $WDAY

National Pension Service boosted its position in Workday, Inc. (NASDAQ:WDAY) by 0.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 775,629 shares of the software maker’s stock after acquiring an additional 7,176 shares during the period. National Pension Service owned 0.29% of Workday worth $186,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its stake in shares of Workday by 1.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after buying an additional 45 shares in the last quarter. Perennial Investment Advisors LLC lifted its position in shares of Workday by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after acquiring an additional 48 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Workday by 2.3% during the second quarter. Johnson Investment Counsel Inc. now owns 2,201 shares of the software maker’s stock worth $528,000 after acquiring an additional 49 shares in the last quarter. Bay Harbor Wealth Management LLC boosted its holdings in shares of Workday by 12.0% in the third quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock worth $110,000 after acquiring an additional 49 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Workday by 1.2% in the third quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock valued at $994,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Loop Capital set a $280.00 target price on Workday in a report on Wednesday, December 10th. Wells Fargo & Company reduced their price objective on shares of Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. The Goldman Sachs Group started coverage on shares of Workday in a report on Monday, January 12th. They set a “neutral” rating and a $238.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Finally, KeyCorp reduced their price target on shares of Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $278.09.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 82,884 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $22,034,027.75. The trade was a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard Harry Sauer sold 1,130 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the sale, the insider owned 85,398 shares of the company’s stock, valued at approximately $17,933,580. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 370,321 shares of company stock worth $78,866,401. Corporate insiders own 19.31% of the company’s stock.

Workday Trading Up 0.6%

Shares of WDAY stock opened at $175.63 on Friday. The business has a 50-day moving average price of $208.37 and a two-hundred day moving average price of $223.48. Workday, Inc. has a 12-month low of $169.01 and a 12-month high of $283.68. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a market cap of $46.19 billion, a P/E ratio of 73.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.89 EPS. Equities analysts anticipate that Workday, Inc. will post 2.63 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.