Azimuth Capital Investment Management LLC Purchases 14,851 Shares of Workday, Inc. $WDAY

Azimuth Capital Investment Management LLC lifted its position in Workday, Inc. (NASDAQ:WDAY) by 22.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,060 shares of the software maker’s stock after buying an additional 14,851 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in Workday were worth $19,514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WDAY. Rakuten Securities Inc. bought a new position in Workday in the 2nd 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 valued at $31,000 after acquiring an additional 75 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Workday in the third quarter valued at about $40,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Workday in the second quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares during the period. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WDAY shares. DA Davidson cut their price objective on Workday from $250.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. KeyCorp dropped their price target on Workday from $260.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley cut their price target on Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. The Goldman Sachs Group reduced their price objective on Workday from $238.00 to $206.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

Insider Transactions at Workday

In other Workday news, insider Robert Enslin sold 22,185 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $210.17, for a total value of $4,662,621.45. Following the sale, the insider owned 106,330 shares of the company’s stock, valued at $22,347,376.10. The trade was a 17.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the transaction, the insider owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. This represents a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 610,796 shares of company stock valued at $107,013,566. Company insiders own 19.31% of the company’s stock.

Workday Trading Down 0.8%

Shares of WDAY opened at $133.09 on Friday. The stock’s 50-day moving average price is $164.66 and its 200 day moving average price is $205.99. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $35.00 billion, a price-to-earnings ratio of 51.59, a P/E/G ratio of 1.29 and a beta of 1.16. Workday, Inc. has a 12-month low of $117.76 and a 12-month high of $276.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $1.92 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

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.