Robeco Institutional Asset Management B.V. Has $82.76 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,398 shares of the software maker's stock after acquiring an additional 4,160 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of Workday worth $82,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of Workday during the 1st quarter worth about $32,000. TCTC Holdings LLC bought a new stake in Workday during the fourth quarter worth about $35,000. Financial Management Professionals Inc. increased its holdings in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after buying an additional 66 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Workday in the first quarter valued at approximately $40,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price target on Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus decreased their target price on Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. DA Davidson raised their target price on Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Mizuho reduced their price target on shares of Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Loop Capital decreased their price objective on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $297.68.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 497 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $22,111,395.96. This represents a 44.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 255,733 shares of company stock valued at $59,649,301. 19.31% of the stock is owned by company insiders.

Workday Trading Up 0.1%

Shares of NASDAQ:WDAY traded up $0.16 during mid-day trading on Friday, reaching $237.37. The stock had a trading volume of 1,812,166 shares, compared to its average volume of 2,458,149. The firm has a 50 day simple moving average of $247.65 and a two-hundred day simple moving average of $251.12. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The firm has a market cap of $63.38 billion, a PE ratio of 131.14, a price-to-earnings-growth ratio of 3.53 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.74 earnings per share. On average, research analysts predict that Workday, Inc. will post 2.63 EPS 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 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.