NEOS Investment Management LLC Purchases 17,823 Shares of Workday, Inc. $WDAY

NEOS Investment Management LLC grew its position in Workday, Inc. (NASDAQ:WDAY) by 12.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 160,695 shares of the software maker’s stock after purchasing an additional 17,823 shares during the period. NEOS Investment Management LLC’s holdings in Workday were worth $19,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alamar Capital Management LLC lifted its stake in shares of Workday by 46.4% during the second quarter. Alamar Capital Management LLC now owns 22,844 shares of the software maker’s stock valued at $2,797,000 after acquiring an additional 7,241 shares during the period. Nykredit A S bought a new position in Workday in the second quarter valued at about $10,341,000. Comprehensive Financial Management LLC increased its position in Workday by 1.6% in the second quarter. Comprehensive Financial Management LLC now owns 97,724 shares of the software maker’s stock worth $11,963,000 after purchasing an additional 1,530 shares during the period. Railway Pension Investments Ltd bought a new stake in Workday during the 2nd quarter worth about $16,417,000. Finally, Greenleaf Trust raised its holdings in Workday by 35.3% during the 2nd quarter. Greenleaf Trust now owns 2,798 shares of the software maker’s stock worth $343,000 after purchasing an additional 730 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total transaction of $862,200.00. Following the transaction, the chief financial officer directly owned 288,460 shares of the company’s stock, valued at $41,451,702. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, CAO Mark Garfield sold 918 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $142.19, for a total transaction of $130,530.42. Following the completion of the transaction, the chief accounting officer directly owned 73,718 shares of the company’s stock, valued at $10,481,962.42. This trade represents a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 862,481 shares of company stock valued at $116,785,581. 18.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WDAY shares. Citigroup raised their target price on shares of Workday from $139.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. Sanford C. Bernstein increased their price objective on shares of Workday from $216.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, August 28th. KeyCorp raised their price objective on shares of Workday from $158.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Piper Sandler lifted their target price on shares of Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Finally, Barclays upped their target price on shares of Workday from $200.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Twenty equities 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $206.34.

Workday Stock Performance

Shares of WDAY stock opened at $195.79 on Friday. The stock has a market cap of $48.36 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. The stock has a 50-day moving average of $166.01 and a 200-day moving average of $142.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85.

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

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.