ABN Amro Investment Solutions Raises Stock Position in Workday, Inc. $WDAY

ABN Amro Investment Solutions grew its position in Workday, Inc. (NASDAQ:WDAY) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,986 shares of the software maker’s stock after buying an additional 15,851 shares during the period. Workday accounts for approximately 1.0% of ABN Amro Investment Solutions’ investment portfolio, making the stock its 29th largest position. ABN Amro Investment Solutions owned 0.07% of Workday worth $47,661,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC boosted its stake in shares of Workday by 636.7% in the 2nd quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock valued at $453,000 after buying an additional 1,630 shares during the period. PKO Investment Management Joint Stock Co acquired a new stake in Workday in the third quarter valued at approximately $1,805,000. Phoenix Financial Ltd. purchased a new position in Workday in the third quarter worth approximately $2,000,000. Rakuten Investment Management Inc. purchased a new position in Workday in the third quarter worth approximately $124,718,000. Finally, Norges Bank acquired a new position in Workday during the 2nd quarter worth approximately $442,702,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $144.42 on Friday. Workday, Inc. has a one year low of $140.59 and a one year high of $281.00. The stock has a market capitalization of $37.98 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 1.23 and a beta of 1.13. The company has a 50-day simple moving average of $196.02 and a 200-day simple moving average of $217.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results 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 analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent analyst reports. Loop Capital set a $280.00 price objective on shares of Workday in a research report on Wednesday, December 10th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. Wall Street Zen upgraded Workday from a “buy” rating to a “strong-buy” rating in a report on Saturday. Citizens Jmp restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Wednesday, November 26th. Finally, Piper Sandler lowered their price target on Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $269.06.

Insider Buying and Selling at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the completion of the transaction, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. This represents a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the sale, the chief accounting officer owned 35,336 shares of the company’s stock, valued at $7,405,012.16. This trade represents a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 370,321 shares of company stock valued at $78,866,401. Corporate insiders own 19.31% of the company’s stock.

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.