Workday, Inc. $WDAY Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 16.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 483,382 shares of the software maker’s stock after acquiring an additional 67,125 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.18% of Workday worth $116,365,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WDAY. Brighton Jones LLC increased its position in Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Workday by 77.2% in the 1st quarter. Advisors Asset Management Inc. now owns 939 shares of the software maker’s stock valued at $219,000 after purchasing an additional 409 shares during the last quarter. Voleon Capital Management LP purchased a new stake in shares of Workday in the 1st quarter valued at approximately $309,000. Sciencast Management LP acquired a new stake in shares of Workday during the 1st quarter worth approximately $733,000. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Workday by 18.5% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,163 shares of the software maker’s stock worth $972,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WDAY shares. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Wednesday, November 26th. Royal Bank Of Canada reduced their target price on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday. Piper Sandler raised Workday from an “underweight” rating to a “neutral” rating and upped their price target for the company from $220.00 to $235.00 in a research note on Wednesday, September 17th. BTIG Research initiated coverage on Workday in a report on Tuesday, December 16th. They set a “buy” rating and a $285.00 price target for the company. Finally, Evercore ISI raised their price objective on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $281.59.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 1,915 shares of the stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the sale, the chief accounting officer directly owned 37,351 shares in the company, valued at $8,925,394.96. This represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 80,279 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $215.04, for a total transaction of $17,263,196.16. Following the completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $22,589,736.96. This represents a 43.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 257,593 shares of company stock worth $55,414,310 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Workday Trading Up 0.7%

WDAY opened at $210.30 on Wednesday. Workday, Inc. has a 52 week low of $202.22 and a 52 week high of $283.68. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $221.37 and a 200-day simple moving average of $228.92. The firm has a market cap of $55.31 billion, a P/E ratio of 88.36, a P/E/G ratio of 2.36 and a beta of 1.14.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

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.