Aberdeen Group plc Has $52.39 Million Stock Holdings in Workday, Inc. $WDAY

Aberdeen Group plc lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 5.8% in the third quarter, HoldingsChannel reports. The firm owned 217,612 shares of the software maker’s stock after purchasing an additional 11,884 shares during the period. Aberdeen Group plc’s holdings in Workday were worth $52,386,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in Workday by 981.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 223,752 shares of the software maker’s stock worth $53,864,000 after buying an additional 203,061 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Workday in the third quarter worth approximately $307,000. Illinois Municipal Retirement Fund raised its holdings in shares of Workday by 19.2% during the third quarter. Illinois Municipal Retirement Fund now owns 13,847 shares of the software maker’s stock valued at $3,333,000 after acquiring an additional 2,227 shares during the period. Varma Mutual Pension Insurance Co raised its holdings in shares of Workday by 8.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 45,169 shares of the software maker’s stock valued at $10,874,000 after acquiring an additional 3,600 shares during the period. Finally, Savvy Advisors Inc. lifted its position in shares of Workday by 3.2% in the 3rd quarter. Savvy Advisors Inc. now owns 3,353 shares of the software maker’s stock valued at $807,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, insider Robert Enslin sold 22,185 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the transaction, the insider owned 106,330 shares in the company, valued at $22,347,376.10. This represents a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction on Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the sale, the insider directly owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 370,321 shares of company stock valued at $78,866,401. 20.00% of the stock is currently owned by company insiders.

Workday Price Performance

WDAY opened at $144.42 on Monday. The stock has a fifty day moving average price of $196.02 and a 200 day moving average price of $217.78. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday, Inc. has a 1 year low of $140.59 and a 1 year high of $281.00. The stock has a market cap of $37.98 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 1.23 and a beta of 1.14.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $1.89 EPS. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Workday from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a research report on Monday, February 9th. Sanford C. Bernstein lowered their price target on Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Macquarie Infrastructure reissued a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. Finally, Loop Capital set a $280.00 price objective on Workday in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.06.

Workday 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.