38,200 Shares of Workday, Inc. $WDAY Purchased by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG purchased 38,200 Workday shares worth approximately $7.3 million during the third quarter. Institutional investors now own 89.81% of the company.
• Analyst sentiment is mixed, with 22 Buy, 20 Hold, and 2 Sell ratings. Workday has a consensus rating of Hold and an average price target of $202.10.
• Workday shares opened at $209.99, while the company recently reported quarterly EPS of $2.75, beating estimates, and revenue of $2.65 billion, up 12.8% year over year. Insiders sold 988,104 shares worth approximately $188.8 million over the past 90 days.

Robeco Schweiz AG purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 38,200 shares of the software maker's stock, valued at approximately $7,276,000.

A number of other large investors have also recently made changes to their positions in the stock. Lead Edge Capital Management LLC purchased a new stake in Workday in the first quarter worth approximately $79,988,000. Renaissance Technologies LLC purchased a new stake in Workday during the 1st quarter valued at $75,600,000. Pacer Advisors Inc. raised its stake in Workday by 60.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker's stock valued at $159,418,000 after buying an additional 462,002 shares during the last quarter. Carmignac Gestion purchased a new stake in Workday during the 1st quarter valued at $59,438,000. Finally, Tidal Investments LLC lifted its holdings in shares of Workday by 43.6% during the 2nd quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker's stock valued at $176,218,000 after buying an additional 437,175 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. CLSA initiated coverage on Workday in a research note on Monday, July 20th. They issued an "underperform" rating and a $92.00 price target on the stock. Canaccord Genuity Group upped their price objective on Workday from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, August 25th. Wells Fargo & Company increased their target price on Workday from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, August 28th. Lake Street Capital set a $205.00 target price on Workday in a research report on Friday, August 14th. Finally, BTIG Research restated a "neutral" rating on shares of Workday in a research note on Friday, October 16th. Twenty-two equities 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $202.10.

Insiders Place Their Bets

In other Workday news, major shareholder David Duffield sold 100,780 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the completion of the sale, the insider directly owned 105,049 shares of the company's stock, valued at $19,501,296.36. This trade represents a 48.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 988,104 shares of company stock valued at $188,811,574. Corporate insiders own 18.64% of the company's stock.

Workday Price Performance

Shares of Workday stock opened at $209.99 on Friday. The company has a market capitalization of $50.61 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.11 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock's 50-day simple moving average is $193.30 and its 200-day simple moving average is $156.25. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $247.10.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%. The firm's revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $2.21 earnings per share. As a group, analysts expect that Workday, Inc. will post 5.32 earnings per share for the current fiscal year.

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.

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