Thompson Siegel & Walmsley LLC Has $4.77 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Thompson Siegel & Walmsley LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,510 shares of the software maker’s stock after purchasing an additional 2,518 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Workday were worth $4,768,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Workday in the 3rd quarter valued at $26,000. Crewe Advisors LLC acquired a new position in shares of Workday in the 1st quarter valued at approximately $27,000. SouthState Corp boosted its holdings in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after purchasing an additional 129 shares in the last quarter. Goodman Advisory Group LLC bought a new position in Workday in the second quarter valued at about $35,000. Finally, Meeder Asset Management Inc. increased its position in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other Workday news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.29, for a total transaction of $812,365.09. Following the transaction, the insider now directly owns 196,344 shares of the company’s stock, valued at $51,106,379.76. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now owns 281,000 shares in the company, valued at $68,004,810. The trade was a 16.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent research reports. KeyCorp lifted their target price on shares of Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. The Goldman Sachs Group increased their target price on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Bank of America boosted their price objective on Workday from $265.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Workday in a research report on Wednesday, September 18th. Finally, Scotiabank began coverage on shares of Workday in a research note on Monday. They issued a “sector outperform” rating and a $340.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $289.46.

Workday Trading Up 3.3 %

Shares of NASDAQ:WDAY opened at $268.08 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The business’s 50 day moving average price is $247.36 and its 200-day moving average price is $236.95. The firm has a market capitalization of $71.04 billion, a price-to-earnings ratio of 46.70, a price-to-earnings-growth ratio of 5.16 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. On average, equities research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.