Bleakley Financial Group LLC Grows Position in Workday, Inc. $WDAY

Bleakley Financial Group LLC boosted its position in Workday, Inc. (NASDAQ:WDAY) by 68.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,067 shares of the software maker’s stock after acquiring an additional 7,333 shares during the quarter. Bleakley Financial Group LLC’s holdings in Workday were worth $2,347,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after acquiring an additional 3,210,232 shares in the last quarter. Auto Owners Insurance Co raised its holdings in shares of Workday by 25,412.8% in the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after purchasing an additional 10,190,516 shares in the last quarter. State Street Corp raised its holdings in shares of Workday by 1.0% in the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock valued at $2,098,552,000 after purchasing an additional 96,139 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Workday by 47.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Workday by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock worth $1,089,970,000 after purchasing an additional 75,922 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WDAY shares. Citigroup reiterated a “market perform” rating on shares of Workday in a research note on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Workday in a research report on Wednesday, June 17th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $160.00 price objective on shares of Workday in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $184.00.

Insider Buying and Selling at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total transaction of $862,200.00. Following the transaction, the chief financial officer owned 288,460 shares in the company, valued at $41,451,702. This trade represents a 2.04% decrease in their position. 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 Workday stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $143.62, for a total value of $391,795.36. Following the transaction, the insider directly owned 266,388 shares in the company, valued at approximately $38,258,644.56. This trade represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is owned by insiders.

Workday Trading Up 2.5%

NASDAQ WDAY opened at $145.43 on Friday. The firm’s fifty day moving average price is $131.12 and its 200 day moving average price is $144.55. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $35.92 billion, a price-to-earnings ratio of 45.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced 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. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $2.23 earnings per share. Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect that Workday, Inc. will post 5.34 earnings per share for the current fiscal year.

Workday Company 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.