Workday, Inc. $WDAY Shares Acquired by Darwin Wealth Management LLC

Darwin Wealth Management LLC boosted its position in Workday, Inc. (NASDAQ:WDAY) by 67.2% during the 1st quarter, HoldingsChannel reports. The firm owned 15,216 shares of the software maker’s stock after buying an additional 6,118 shares during the quarter. Darwin Wealth Management LLC’s holdings in Workday were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of WDAY. Norges Bank purchased a new position in Workday in the 4th quarter worth about $448,804,000. Harvest Fund Management Co. Ltd lifted its holdings 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 during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in 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 acquiring an additional 88,384 shares during the last quarter. Morningstar Investment Management LLC increased its position in Workday by 127.2% in the 4th quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock worth $5,808,000 after buying an additional 15,138 shares during the period. Finally, Aurora Investment Counsel acquired a new position in shares of Workday during the fourth quarter worth approximately $2,357,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Up 0.4%

Shares of WDAY opened at $138.95 on Friday. The company has a market capitalization of $34.32 billion, a P/E ratio of 43.42, a PEG ratio of 1.48 and a beta of 1.11. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The business’s 50 day simple moving average is $129.78 and its 200-day simple moving average is $147.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $2.23 EPS. As a group, sell-side analysts predict that Workday, Inc. will post 5.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total value of $862,200.00. Following the completion of the transaction, the chief financial officer directly owned 288,460 shares of the company’s stock, valued at $41,451,702. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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, insider Gerrit S. Kazmaier sold 2,728 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $143.62, for a total transaction of $391,795.36. Following the transaction, the insider owned 266,388 shares in the company, valued at approximately $38,258,644.56. This trade represents a 1.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 766,602 shares of company stock valued at $99,108,423. 18.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of Workday from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Workday in a report on Friday, May 22nd. KeyCorp boosted their price target on Workday from $155.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Needham & Company LLC lowered their price target on Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group dropped their price objective on Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $184.00.

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.