Aurora Investment Counsel Purchases Shares of 10,974 Workday, Inc. $WDAY

Aurora Investment Counsel purchased a new stake in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,974 shares of the software maker’s stock, valued at approximately $2,357,000.

A number of other institutional investors have also recently made changes to their positions in WDAY. First Eagle Investment Management LLC bought a new stake in shares of Workday during the 3rd quarter valued at about $556,252,000. Norges Bank bought a new stake in shares of Workday during the 4th quarter valued at about $448,804,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Workday by 18.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker’s stock valued at $122,804,000 after purchasing an additional 88,384 shares in the last quarter. Morningstar Investment Management LLC boosted its position in shares of Workday by 127.2% during the 4th quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock valued at $5,808,000 after purchasing an additional 15,138 shares in the last quarter. Finally, Sienna Gestion bought a new stake in shares of Workday during the 3rd quarter valued at about $7,948,000. Institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 217,930 shares in the company, valued at approximately $27,942,984.60. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, insider Robert Enslin sold 5,373 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $129.41, for a total value of $695,319.93. Following the completion of the transaction, the insider owned 165,414 shares in the company, valued at approximately $21,406,225.74. The trade was a 3.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 774,814 shares of company stock worth $102,709,316 in the last three months. Insiders own 18.64% of the company’s stock.

Workday Stock Up 0.2%

Shares of NASDAQ:WDAY opened at $130.80 on Friday. The business’s 50 day simple moving average is $128.10 and its two-hundred day simple moving average is $160.02. The firm has a market cap of $32.31 billion, a P/E ratio of 40.88, a PEG 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, Inc. has a 52-week low of $110.36 and a 52-week high of $249.85.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WDAY shares. Weiss Ratings lowered Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Needham & Company LLC cut their target price on Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. HC Wainwright set a $140.00 target price on Workday in a research report on Wednesday, May 27th. Summit Redstone set a $275.00 target price on Workday in a research report on Wednesday, May 27th. Finally, BTIG Research restated a “buy” rating and set a $175.00 target price on shares of Workday in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.03.

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.