13,527 Workday, Inc. $WDAY Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 178.0% in the third quarter, HoldingsChannel.com reports. The fund owned 21,125 shares of the software maker’s stock after purchasing an additional 13,527 shares during the period. Motley Fool Asset Management LLC’s holdings in Workday were worth $4,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC lifted its position in Workday by 43.6% during the second quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker’s stock valued at $176,218,000 after purchasing an additional 437,175 shares during the period. First Trust Advisors LP boosted its holdings in Workday by 9.6% in the first quarter. First Trust Advisors LP now owns 1,416,176 shares of the software maker’s stock worth $183,990,000 after purchasing an additional 124,524 shares during the last quarter. Pacer Advisors Inc. grew its position in Workday by 60.4% in the 1st quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker’s stock worth $159,418,000 after purchasing an additional 462,002 shares during the period. Temasek Holdings Private Ltd grew its position in Workday by 9.5% in the 1st quarter. Temasek Holdings Private Ltd now owns 889,318 shares of the software maker’s stock worth $115,540,000 after purchasing an additional 77,330 shares during the period. Finally, Hsbc Holdings PLC grew its position in Workday by 25.3% in the 1st quarter. Hsbc Holdings PLC now owns 710,309 shares of the software maker’s stock worth $92,374,000 after purchasing an additional 143,274 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 0.5%

WDAY opened at $204.36 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $241.32. The company has a market capitalization of $49.25 billion, a PE ratio of 41.45, a PEG ratio of 2.11 and a beta of 1.07. The firm’s 50 day simple moving average is $194.12 and its two-hundred day simple moving average is $156.41.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results 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. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the company posted $2.21 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts forecast that Workday, Inc. will post 5.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Capital One Financial decreased their target price on shares of Workday from $203.00 to $202.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. BMO Capital Markets restated an “outperform” rating and issued a $230.00 price target (up from $182.00) on shares of Workday in a research note on Thursday, October 15th. Piper Sandler lifted their price objective on Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. UBS Group set a $175.00 price objective on Workday in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on Workday from $190.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Twenty-two research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $202.10.

Insider Buying and Selling

In related news, major shareholder David Duffield sold 100,780 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $185.64, for a total value of $18,708,799.20. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $19,501,296.36. This trade represents a 48.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 988,104 shares of company stock valued at $188,811,574. 18.64% of the stock is currently owned by company insiders.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.