Workday, Inc. $WDAY Stake Boosted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its stake in Workday, Inc. (NASDAQ:WDAY) by 108.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,917 shares of the software maker’s stock after purchasing an additional 54,088 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Workday were worth $22,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Aurora Investment Counsel purchased a new position in Workday in the 4th quarter worth about $2,357,000. Brown Advisory Inc. increased its stake in Workday by 39.7% in the 4th quarter. Brown Advisory Inc. now owns 1,709,736 shares of the software maker’s stock worth $367,217,000 after purchasing an additional 486,008 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Workday by 22.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,360,166 shares of the software maker’s stock worth $292,136,000 after purchasing an additional 252,341 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Workday by 9.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,211 shares of the software maker’s stock valued at $690,000 after acquiring an additional 283 shares in the last quarter. Finally, Ally Financial Inc. grew its stake in Workday by 9.1% during the 4th quarter. Ally Financial Inc. now owns 24,000 shares of the software maker’s stock valued at $5,155,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert Enslin sold 5,373 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the transaction, the insider directly owned 165,414 shares in the company, valued at $21,406,225.74. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $129.76, for a total value of $13,949,200.00. Following the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $13,631,158.24. This trade represents a 50.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 774,814 shares of company stock valued at $102,709,316 in the last three months. 18.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WDAY shares. HC Wainwright set a $140.00 target price on Workday in a research note on Wednesday, May 27th. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a research note on Thursday. Barclays raised Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. Citigroup reiterated a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Finally, The Goldman Sachs Group reduced their target price on Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.03.

Workday Price Performance

WDAY opened at $130.80 on Monday. The business has a 50 day moving average price of $128.10 and a 200 day moving average price of $159.55. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $32.31 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $2.23 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Research analysts forecast that Workday, Inc. will post 5.4 EPS for the current 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.