Thompson Siegel & Walmsley LLC Acquires Shares of 6,600 Workday, Inc. (NASDAQ:WDAY)

Thompson Siegel & Walmsley LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,600 shares of the software maker’s stock, valued at approximately $1,491,000.

A number of other hedge funds have also recently bought and sold shares of the business. Shelton Capital Management grew its stake in Workday by 3.7% during the 2nd quarter. Shelton Capital Management now owns 18,486 shares of the software maker’s stock valued at $4,176,000 after purchasing an additional 654 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in Workday during the 2nd quarter valued at approximately $727,000. Cary Street Partners Investment Advisory LLC grew its stake in Workday by 102.8% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 726 shares of the software maker’s stock valued at $164,000 after purchasing an additional 368 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Workday by 7.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 296,048 shares of the software maker’s stock valued at $66,910,000 after purchasing an additional 19,570 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in Workday during the 2nd quarter valued at approximately $259,080,000. Institutional investors and hedge funds own 68.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WDAY. TD Cowen lifted their target price on Workday from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, August 25th. Morgan Stanley decreased their target price on Workday from $260.00 to $245.00 in a research report on Thursday, September 28th. JMP Securities lifted their target price on Workday from $260.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Thursday. Loop Capital lifted their target price on Workday from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Canaccord Genuity Group lifted their target price on Workday from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $248.58.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 108,333 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $250.58, for a total value of $27,146,083.14. Following the sale, the insider now owns 108,333 shares of the company’s stock, valued at approximately $27,146,083.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Aneel Bhusri sold 3,889 shares of Workday stock in a transaction dated 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 approximately $112,976,321.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 108,333 shares of Workday stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $250.58, for a total value of $27,146,083.14. Following the completion of the transaction, the insider now directly owns 108,333 shares in the company, valued at approximately $27,146,083.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,714 shares of company stock valued at $32,193,350. Corporate insiders own 21.09% of the company’s stock.

Workday Stock Down 0.1 %

WDAY opened at $231.66 on Friday. Workday, Inc. has a one year low of $141.22 and a one year high of $252.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.00 and a current ratio of 2.00. The stock’s fifty day moving average is $222.45 and its 200-day moving average is $221.85. The company has a market capitalization of $60.69 billion, a PE ratio of -482.63, a P/E/G ratio of 7.67 and a beta of 1.25.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 24th. The software maker reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.17. Workday had a positive return on equity of 2.09% and a negative net margin of 1.81%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business earned ($0.16) EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Workday, Inc. will post 1.13 EPS 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, 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.