Workday, Inc. $WDAY Shares Bought by Aberdeen Group plc

Aberdeen Group plc grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,612 shares of the software maker’s stock after purchasing an additional 11,884 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Workday worth $52,386,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WDAY. Brighton Jones LLC grew its stake in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after buying an additional 2,792 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Workday by 12.1% during the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after acquiring an additional 1,206 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after acquiring an additional 127 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Workday during the second quarter worth about $281,000. Finally, CWM LLC increased its holdings in shares of Workday by 62.5% in the 2nd quarter. CWM LLC now owns 11,194 shares of the software maker’s stock worth $2,687,000 after acquiring an additional 4,305 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on WDAY. Macquarie Infrastructure reissued a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. The Goldman Sachs Group started coverage on Workday in a report on Monday, January 12th. They set a “neutral” rating and a $238.00 price target on the stock. Evercore ISI set a $200.00 price objective on Workday in a research report on Monday, February 9th. Royal Bank Of Canada lowered 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, January 5th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $269.06.

Workday Stock Up 0.3%

WDAY opened at $144.42 on Monday. Workday, Inc. has a one year low of $140.59 and a one year high of $281.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. The stock’s fifty day moving average is $196.02 and its 200-day moving average is $217.78. The company has a market capitalization of $37.98 billion, a PE ratio of 60.68, a P/E/G ratio of 1.23 and a beta of 1.14.

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

Insider Activity at Workday

In other news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares of the company’s stock, valued at $33,224,232.50. The trade was a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 82,884 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. This represents a 44.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 370,321 shares of company stock worth $78,866,401. Company insiders own 20.00% of the company’s stock.

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.