38,200 Shares in Workday, Inc. $WDAY Acquired by Robeco Schweiz AG

Robeco Schweiz AG purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 38,200 shares of the software maker’s stock, valued at approximately $7,276,000.

Several other institutional investors have also added to or reduced their stakes in WDAY. CoreCap Advisors LLC raised its holdings in shares of Workday by 55.9% during the 3rd quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Workday during the 1st quarter valued at approximately $39,000. Manning & Napier Advisors LLC bought a new position in shares of Workday during the 2nd quarter valued at approximately $42,000. Elevation Wealth Partners LLC grew its holdings in shares of Workday by 1,097.0% in the second quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock valued at $48,000 after purchasing an additional 362 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Workday by 26.3% in the second quarter. Parkside Financial Bank & Trust now owns 591 shares of the software maker’s stock valued at $72,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In other Workday news, major shareholder David Duffield sold 100,780 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $19,501,296.36. The trade was a 48.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 988,104 shares of company stock worth $188,811,574 in the last ninety days. 18.64% of the stock is owned by insiders.

Workday Stock Performance

Shares of WDAY opened at $209.99 on Friday. The company’s fifty day simple moving average is $193.30 and its 200-day simple moving average is $156.25. The company has a market cap of $50.61 billion, a P/E ratio of 42.59, a P/E/G ratio of 2.11 and a beta of 1.07. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $247.10.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.21 EPS. As a group, analysts expect that Workday, Inc. will post 5.32 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Loop Capital boosted their price target on shares of Workday from $135.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, August 21st. Wells Fargo & Company increased their price objective on shares of Workday from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. BNP Paribas Exane lifted their price objective on shares of Workday from $160.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Daiwa Securities Group boosted their target price on shares of Workday from $170.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Finally, Capital One Financial decreased their target price on shares of Workday from $203.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 14th. Twenty-two research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $202.10.

Workday Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.