Workday, Inc. $WDAY Position Boosted by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 55.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 811,988 shares of the software maker’s stock after buying an additional 289,605 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Workday were worth $174,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in Workday during the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in Workday during the 3rd quarter valued at $26,000. JPL Wealth Management LLC bought a new position in Workday during the 3rd quarter valued at $30,000. DT Investment Partners LLC bought a new position in Workday during the 4th quarter valued at $27,000. Finally, LRI Investments LLC bought a new position in Workday during the 4th quarter valued at $29,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research reports. Bank of America initiated coverage on Workday in a research note on Wednesday, May 27th. They set a “neutral” rating and a $140.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. Guggenheim decreased their price target on Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group decreased their price target on Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $185.03.

Insider Activity at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total value of $769,320.00. Following the completion of the sale, the chief financial officer owned 217,930 shares in the company, valued at $27,942,984.60. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $128.52, for a total value of $13,815,900.00. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at $13,500,897.48. The trade was a 50.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 882,314 shares of company stock worth $116,525,216. 18.64% of the stock is owned by corporate insiders.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $129.60 on Tuesday. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The stock has a fifty day moving average of $128.05 and a 200-day moving average of $158.82. The company has a market capitalization of $32.01 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that Workday, Inc. will post 5.4 EPS for the current fiscal 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.