Robeco Institutional Asset Management B.V. Has $10.27 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY – Get Rating) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,467 shares of the software maker’s stock after acquiring an additional 1,534 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Workday were worth $10,269,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AllSquare Wealth Management LLC acquired a new position in Workday during the third quarter worth about $25,000. Guardian Wealth Advisors LLC acquired a new position in Workday during the third quarter worth about $29,000. Whittier Trust Co. raised its stake in Workday by 69.0% during the third quarter. Whittier Trust Co. now owns 213 shares of the software maker’s stock worth $32,000 after acquiring an additional 87 shares in the last quarter. CI Investments Inc. raised its stake in Workday by 975.0% during the third quarter. CI Investments Inc. now owns 258 shares of the software maker’s stock worth $39,000 after acquiring an additional 234 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new position in Workday during the third quarter worth about $40,000. Institutional investors and hedge funds own 66.98% of the company’s stock.

Insider Activity at Workday

In related news, COO James Bozzini sold 4,389 shares of the stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $161.72, for a total value of $709,789.08. Following the completion of the sale, the chief operating officer now directly owns 103,228 shares of the company’s stock, valued at approximately $16,694,032.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO James Bozzini sold 4,389 shares of the stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $161.72, for a total value of $709,789.08. Following the completion of the sale, the chief operating officer now directly owns 103,228 shares of the company’s stock, valued at approximately $16,694,032.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas A. Robinson sold 266 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $191.44, for a total value of $50,923.04. Following the completion of the sale, the insider now directly owns 129,802 shares of the company’s stock, valued at $24,849,294.88. The disclosure for this sale can be found here. In the last three months, insiders sold 15,377 shares of company stock valued at $2,602,803. 21.74% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Workday from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, February 28th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $195.00 price objective on shares of Workday in a research note on Wednesday, March 1st. OTR Global raised Workday to a “positive” rating in a research note on Wednesday, February 22nd. Moffett Nathanson initiated coverage on Workday in a research note on Monday, January 9th. They issued an “outperform” rating and a $245.00 price objective for the company. Finally, Capital One Financial initiated coverage on Workday in a research note on Friday, January 13th. They issued an “overweight” rating and a $200.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $213.72.

Workday Price Performance

Shares of WDAY opened at $188.77 on Friday. Workday, Inc. has a 12-month low of $128.72 and a 12-month high of $248.92. The business’s fifty day moving average is $180.90 and its 200 day moving average is $164.18. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $48.89 billion, a P/E ratio of -131.09, a P/E/G ratio of 89.37 and a beta of 1.26.

Workday (NASDAQ:WDAY – Get Rating) last issued its earnings results on Monday, February 27th. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. Workday had a negative return on equity of 1.96% and a negative net margin of 5.90%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the business earned ($0.20) EPS. Workday’s quarterly revenue was up 19.6% compared to the same quarter last year. Sell-side analysts anticipate that Workday, Inc. will post 0.08 earnings per share for the current fiscal year.

Workday announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 29th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the software maker to purchase up to 1.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

About Workday

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Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.