Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,048 shares of the software maker’s stock after purchasing an additional 19,570 shares during the quarter. Russell Investments Group Ltd.’s holdings in Workday were worth $66,910,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WDAY. Norges Bank acquired a new position in shares of Workday during the fourth quarter valued at $600,504,000. JPMorgan Chase & Co. boosted its holdings in shares of Workday by 59.3% during the first quarter. JPMorgan Chase & Co. now owns 5,951,816 shares of the software maker’s stock valued at $1,229,289,000 after acquiring an additional 2,216,683 shares during the period. GQG Partners LLC acquired a new position in shares of Workday during the first quarter valued at $310,767,000. Artisan Partners Limited Partnership acquired a new position in shares of Workday during the second quarter valued at $259,080,000. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Workday by 133.8% during the first quarter. Neuberger Berman Group LLC now owns 1,251,708 shares of the software maker’s stock valued at $254,464,000 after acquiring an additional 716,221 shares during the period. Institutional investors and hedge funds own 68.46% of the company’s stock.

Insider Buying and Selling

In related news, CEO Aneel Bhusri sold 3,889 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $205.41, for a total value of $798,839.49. Following the completion of the sale, the chief executive officer now directly owns 550,004 shares in the company, valued at approximately $112,976,321.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Workday news, CEO Carl M. Eschenbach purchased 8,676 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $240.44 per share, for a total transaction of $2,086,057.44. Following the completion of the acquisition, the chief executive officer now directly owns 20,222 shares in the company, valued at $4,862,177.68. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aneel Bhusri sold 3,889 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $205.41, for a total value of $798,839.49. Following the transaction, the chief executive officer now owns 550,004 shares of the company’s stock, valued at $112,976,321.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,714 shares of company stock worth $32,193,350. 21.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WDAY has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on shares of Workday from $250.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Workday from $215.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, August 25th. BMO Capital Markets lifted their price objective on shares of Workday from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Piper Sandler cut their price objective on shares of Workday from $288.00 to $275.00 and set an “overweight” rating on the stock in a research note on Thursday, September 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Workday from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Workday Trading Down 0.1 %

NASDAQ:WDAY opened at $231.66 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.00 and a quick ratio of 2.00. Workday, Inc. has a fifty-two week low of $141.22 and a fifty-two week high of $252.72. The stock’s 50-day moving average is $222.45 and its two-hundred day moving average is $221.62. The stock has a market cap of $60.69 billion, a PE ratio of -482.63, a price-to-earnings-growth ratio of 7.67 and a beta of 1.25.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 24th. The software maker reported $1.43 EPS for the quarter, beating the consensus estimate of $1.26 by $0.17. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Workday had a positive return on equity of 2.09% and a negative net margin of 1.81%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.16) EPS. As a group, equities research analysts forecast that Workday, Inc. will post 1.13 earnings per share for the current fiscal year.

About Workday

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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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.