Thompson Siegel & Walmsley LLC Has $3.80 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Thompson Siegel & Walmsley LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 41.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,992 shares of the software maker’s stock after buying an additional 4,992 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Workday were worth $3,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WDAY. Van ECK Associates Corp boosted its holdings in Workday by 17,345.2% during the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock worth $208,068,000 after acquiring an additional 925,366 shares during the last quarter. Vanguard Group Inc. grew its holdings in Workday by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock valued at $3,988,549,000 after purchasing an additional 437,215 shares during the period. Kodai Capital Management LP purchased a new stake in Workday in the 4th quarter worth about $85,994,000. Sustainable Growth Advisers LP increased its stake in shares of Workday by 9.7% in the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after purchasing an additional 301,463 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Workday by 12.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after acquiring an additional 281,207 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

Shares of Workday stock opened at $250.05 on Monday. The company has a market capitalization of $66.26 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 5.40 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock’s 50-day simple moving average is $235.24 and its 200-day simple moving average is $243.02. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. As a group, analysts expect that Workday, Inc. will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WDAY shares. Morgan Stanley lowered their price objective on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Friday. Citigroup lowered their price target on Workday from $293.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. KeyCorp lifted their target price on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.15.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the transaction, the insider now owns 730,000 shares of the company’s stock, valued at $159,563,400. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the completion of the sale, the insider now directly owns 196,344 shares of the company’s stock, valued at $51,106,379.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the completion of the sale, the insider now directly owns 730,000 shares of the company’s stock, valued at approximately $159,563,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 466,402 shares of company stock valued at $107,992,034. 20.00% of the stock is currently owned by company insiders.

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 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.