4,171 Shares in Workday, Inc. $WDAY Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC bought a new position in Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,171 shares of the software maker’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Workday by 11,770.8% in the 2nd quarter. California State Teachers Retirement System now owns 36,907,426 shares of the software maker’s stock worth $4,518,207,000 after acquiring an additional 36,596,516 shares during the period. Auto Owners Insurance Co boosted its stake in Workday by 25,412.8% during 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 during the period. State Street Corp boosted its stake in Workday by 1.0% during 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 during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in 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 valued at $1,406,463,000 after purchasing an additional 1,882,391 shares during the period. Finally, Geode Capital Management LLC grew its position in Workday by 1.5% in 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. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 0.5%

Workday stock opened at $185.09 on Friday. 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 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $44.61 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The firm has a 50 day simple moving average of $170.84 and a 200-day simple moving average of $143.94.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 earnings per share. As a group, equities research analysts expect that Workday, Inc. will post 5.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Gerrit Kazmaier sold 2,728 shares of the company’s stock in a transaction 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 completion of the sale, the insider owned 266,388 shares in the company, valued at $38,258,644.56. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 Robert Enslin sold 5,374 shares of the business’s stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares in the company, valued at approximately $32,304,368.10. This trade represents a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 ninety days, insiders have sold 738,096 shares of company stock worth $106,054,737. 18.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on WDAY. Capital One Financial set a $219.00 price target on shares of Workday and gave the company an “equal weight” rating in a research note on Friday, August 28th. BMO Capital Markets increased their price objective on Workday from $182.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Cantor Fitzgerald lowered their target price on Workday from $220.00 to $205.00 and set an “overweight” rating on the stock in a research report on Friday, August 28th. The Goldman Sachs Group raised their target price on Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, August 31st. Finally, Weiss Ratings upgraded Workday from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 13th. Twenty research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $206.34.

Workday Profile

Workday, Inc develops cloud-based enterprise software designed to help organizations manage finance, human resources and related business operations. Its platform provides tools for financial management, accounting, procurement, expenses, payroll, workforce management, recruiting, talent management, employee experience and enterprise planning.

The company also offers analytics, reporting and artificial intelligence capabilities that support budgeting, forecasting, workforce planning and business decision-making.