Thompson Siegel & Walmsley LLC Boosts Stock Position in Workday, Inc. (NASDAQ:WDAY)

Thompson Siegel & Walmsley LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 41.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,992 shares of the software maker’s stock after buying an additional 4,992 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Workday were worth $3,799,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its stake in Workday by 17,345.2% in the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock worth $208,068,000 after purchasing an additional 925,366 shares in the last quarter. Vanguard Group Inc. grew its position in Workday by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock worth $3,988,549,000 after purchasing an additional 437,215 shares during the period. Kodai Capital Management LP acquired a new stake in Workday during the fourth quarter worth about $85,994,000. Sustainable Growth Advisers LP increased its holdings in shares of Workday by 9.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock valued at $927,998,000 after purchasing an additional 301,463 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Workday by 12.4% in the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after buying an additional 281,207 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $218.58, for a total value of $12,240,480.00. Following the completion of the sale, the insider now owns 730,000 shares in the company, valued at $159,563,400. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the transaction, the insider now directly owns 730,000 shares of the company’s stock, valued at approximately $159,563,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $226.67, for a total transaction of $710,383.78. Following the completion of the sale, the insider now directly owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The disclosure for this sale can be found here. Insiders sold a total of 466,402 shares of company stock valued at $107,992,034 in the last three months. 20.00% of the stock is currently owned by company insiders.

Workday Stock Down 0.5 %

Shares of NASDAQ:WDAY opened at $250.05 on Monday. The firm has a 50 day simple moving average of $235.24 and a 200-day simple moving average of $243.02. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $66.26 billion, a PE ratio of 45.05, a P/E/G ratio of 5.40 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Workday’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts predict that Workday, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the subject of several research analyst reports. Stifel Nicolaus upped their target price on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Friday. Guggenheim restated a “sell” rating and issued a $190.00 price objective on shares of Workday in a report on Tuesday, June 25th. Sanford C. Bernstein lowered their target price on shares of Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Finally, Jefferies Financial Group dropped their price target on Workday from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.15.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.