TD Asset Management Inc Acquires 36,420 Shares of Workday, Inc. $WDAY

TD Asset Management Inc raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,454 shares of the software maker’s stock after purchasing an additional 36,420 shares during the period. TD Asset Management Inc’s holdings in Workday were worth $42,839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDAY. Brighton Jones LLC raised its position in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Empowered Funds LLC raised its position in Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after purchasing an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Workday during the 2nd quarter valued at approximately $281,000. Finally, NewEdge Advisors LLC raised its position in Workday by 32.0% during the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock valued at $1,583,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 2.5%

WDAY stock opened at $144.28 on Friday. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $257.09. The business’s 50 day moving average price is $127.25 and its two-hundred day moving average price is $163.05. 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 company has a market capitalization of $35.64 billion, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.23 EPS. As a group, analysts forecast that Workday, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WDAY shares. DA Davidson set a $135.00 price target on Workday in a research report on Tuesday, May 26th. Barclays upgraded Workday from an “overweight” rating to a “buy” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Mizuho reduced their target price on Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $216.00 target price on shares of Workday in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.03.

Insider Buying and Selling

In related news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total value of $769,320.00. Following the sale, the chief financial officer owned 217,930 shares in the company, valued at $27,942,984.60. This represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Thursday, April 9th. The stock was sold at an average price of $112.33, for a total value of $12,075,475.00. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at $11,800,154.17. The trade was a 50.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 774,814 shares of company stock worth $101,308,591 over the last three months. Corporate 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.