Russell Investments Group Ltd. Has $60.79 Million Holdings in Workday, Inc. $WDAY

Russell Investments Group Ltd. lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 31.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 252,015 shares of the software maker’s stock after selling 116,855 shares during the period. Russell Investments Group Ltd.’s holdings in Workday were worth $60,789,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WDAY. Rakuten Securities Inc. acquired a new stake in Workday in the second quarter worth $25,000. Berbice Capital Management LLC boosted its holdings in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Root Financial Partners LLC bought a new position in Workday in the third quarter valued at $40,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Workday in the 2nd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. increased its stake in Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of Workday in a report on Monday, February 23rd. Stifel Nicolaus set a $175.00 price target on Workday in a research report on Monday, February 9th. BMO Capital Markets lowered their price objective on shares of Workday from $204.00 to $182.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, February 25th. Finally, Loop Capital set a $280.00 price target on shares of Workday in a research report on Wednesday, December 10th. Twenty analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $205.19.

Workday Stock Down 3.8%

WDAY opened at $142.49 on Wednesday. The company has a market cap of $37.47 billion, a PE ratio of 55.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. Workday, Inc. has a 12 month low of $117.76 and a 12 month high of $276.00. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $169.27 and a 200 day moving average of $207.73.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. Workday’s revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $147.16, for a total transaction of $15,819,700.00. Following the completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $15,459,010.84. This represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 953 shares of Workday 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 sale, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. The trade was a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 503,296 shares of company stock worth $91,729,216. 20.00% of the stock is currently owned by insiders.

Workday Profile

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.