Mondrian Investment Partners LTD Buys Shares of 83,095 Workday, Inc. $WDAY

Mondrian Investment Partners LTD purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 83,095 shares of the software maker’s stock, valued at approximately $20,003,000.

A number of other large investors have also made changes to their positions in WDAY. Perennial Investment Advisors LLC boosted its holdings in Workday by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after buying an additional 48 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its position in shares of Workday by 12.0% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock valued at $110,000 after acquiring an additional 49 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Workday by 1.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock worth $994,000 after acquiring an additional 49 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Workday by 1.1% in the 2nd quarter. Kingsview Wealth Management LLC now owns 4,544 shares of the software maker’s stock worth $1,091,000 after acquiring an additional 50 shares during the period. Finally, Strategic Investment Advisors MI grew its holdings in shares of Workday by 1.6% in the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the sale, the chief financial officer owned 159,158 shares in the company, valued at $33,224,232.50. The trade was a 3.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark S. Garfield sold 953 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the transaction, the chief accounting officer directly owned 35,336 shares of the company’s stock, valued at approximately $7,405,012.16. This represents a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 370,321 shares of company stock valued at $78,866,401. 20.00% of the stock is currently owned by insiders.

Workday Stock Performance

NASDAQ:WDAY opened at $144.42 on Tuesday. The firm has a 50 day simple moving average of $194.49 and a 200-day simple moving average of $217.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $37.98 billion, a PE ratio of 60.68, a P/E/G ratio of 1.23 and a beta of 1.14. Workday, Inc. has a 1-year low of $140.59 and a 1-year high of $281.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. Workday’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 earnings per share. On average, equities analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WDAY shares. Stifel Nicolaus set a $175.00 price objective on Workday in a report on Monday, February 9th. Wall Street Zen upgraded shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research cut shares of Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Cantor Fitzgerald restated an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. Finally, Macquarie Infrastructure restated a “buy” rating on shares of Workday in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $269.06.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.