Workday, Inc. $WDAY Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 90.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,259 shares of the software maker’s stock after selling 93,658 shares during the period. Epoch Investment Partners Inc.’s holdings in Workday were worth $1,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in Workday during the fourth quarter valued at approximately $448,804,000. Harvest Fund Management Co. Ltd boosted its position in Workday by 40.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 55,605 shares of the software maker’s stock worth $11,943,000 after purchasing an additional 15,903 shares in the last quarter. Aurora Investment Counsel purchased a new stake in Workday in the 4th quarter worth approximately $2,357,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Workday by 18.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker’s stock worth $122,804,000 after purchasing an additional 88,384 shares during the period. Finally, Morningstar Investment Management LLC grew its stake in shares of Workday by 127.2% during the 4th quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock worth $5,808,000 after purchasing an additional 15,138 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

WDAY opened at $135.34 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a market cap of $33.43 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.44 and a beta of 1.11. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $249.85. The firm’s fifty day simple moving average is $133.13 and its two-hundred day simple moving average is $141.37.

Workday (NASDAQ:WDAY) last released its 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 net margin of 8.60% and a return on equity of 14.75%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $2.23 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. Equities analysts anticipate that Workday, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WDAY. Monness Crespi & Hardt upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, June 25th. Barclays upgraded shares of Workday from an “overweight” rating to a “buy” rating in a research report on Friday, May 22nd. HC Wainwright set a $140.00 price objective on shares of Workday in a report on Wednesday, May 27th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a research report on Wednesday, June 17th. Finally, Morgan Stanley lowered shares of Workday from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $185.00 to $145.00 in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.80.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $136.74, for a total transaction of $14,699,550.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at approximately $14,364,400.26. The trade was a 50.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Mark S. Garfield sold 918 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $142.19, for a total value of $130,530.42. Following the transaction, the chief accounting officer directly owned 73,718 shares of the company’s stock, valued at $10,481,962.42. The trade was a 1.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 875,020 shares of company stock worth $113,938,503 in the last quarter. 18.64% of the stock is owned by insiders.

About Workday

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.