ABN Amro Investment Solutions Has $1.34 Million Stock Position in Workday, Inc. $WDAY

ABN Amro Investment Solutions reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 93.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,289 shares of the software maker’s stock after selling 143,175 shares during the period. ABN Amro Investment Solutions’ holdings in Workday were worth $1,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday during the 3rd quarter worth approximately $26,000. DT Investment Partners LLC bought a new position in Workday in the 4th quarter valued at approximately $27,000. LRI Investments LLC bought a new position in Workday in the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in Workday in the third quarter valued at approximately $30,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup reiterated a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Needham & Company LLC dropped their target price on Workday from $300.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Morgan Stanley cut Workday from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $185.00 to $145.00 in a report on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $216.00 target price on shares of Workday in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group dropped their price target on shares of Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $179.80.

Workday Stock Performance

Shares of WDAY opened at $135.34 on Friday. The firm’s fifty day simple moving average is $133.13 and its two-hundred day simple moving average is $141.84. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $33.43 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 1.36 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.51 by $0.15. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.23 EPS. As a group, analysts predict that Workday, Inc. will post 5.38 EPS for the current year.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total value of $13,119,300.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $12,820,179.96. This trade represents a 50.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total value of $862,200.00. Following the transaction, the chief financial officer directly owned 288,460 shares in the company, valued at approximately $41,451,702. This trade represents a 2.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 875,020 shares of company stock worth $113,938,503 in the last quarter. Company insiders own 18.64% of the company’s stock.

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.