Dimensional Fund Advisors LP Buys 170,438 Shares of Workday, Inc. $WDAY

Dimensional Fund Advisors LP grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 41.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 585,876 shares of the software maker’s stock after acquiring an additional 170,438 shares during the quarter. Dimensional Fund Advisors LP owned about 0.22% of Workday worth $141,072,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WDAY. Rakuten Securities Inc. purchased a new stake in Workday in the second quarter worth approximately $25,000. Berbice Capital Management LLC raised its stake in Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after buying an additional 75 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Workday during the 3rd quarter valued at $40,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Workday during the 2nd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.00, for a total value of $656,250.00. Following the completion of the transaction, the chief executive officer directly owned 17,097 shares in the company, valued at $3,590,370. This represents a 15.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $134.40, for a total transaction of $14,448,000.00. Following the sale, the insider owned 105,049 shares in the company, valued at approximately $14,118,585.60. The trade was a 50.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 503,296 shares of company stock worth $91,729,216 over the last ninety days. 20.00% of the stock is owned by company insiders.

Workday Trading Down 3.8%

Shares of WDAY stock opened at $142.49 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. The stock has a fifty day simple moving average of $169.27 and a two-hundred day simple moving average of $207.73. The firm has a market capitalization of $37.47 billion, a PE ratio of 55.23, a PEG ratio of 1.44 and a beta of 1.16. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $175.00 price target on shares of Workday in a research report on Monday, February 9th. Citigroup dropped their price target on shares of Workday from $247.00 to $148.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Piper Sandler reduced their price objective on Workday from $200.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Citizens Jmp lowered Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen downgraded Workday from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. Twenty analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.19.

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.