Workday Inc (WDAY) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in Workday Inc (NASDAQ:WDAY) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 549,008 shares of the software maker’s stock after buying an additional 9,631 shares during the quarter. Legal & General Group Plc owned approximately 0.41% of Workday worth $57,860,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IBM Retirement Fund acquired a new position in Workday in the 3rd quarter valued at $204,000. Janus Henderson Group PLC grew its stake in Workday by 6,210.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock valued at $100,701,000 after buying an additional 1,021,702 shares during the last quarter. First Trust Advisors LP grew its stake in Workday by 338.4% in the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock valued at $6,218,000 after buying an additional 49,483 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in Workday by 9.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,933 shares of the software maker’s stock valued at $1,152,000 after buying an additional 949 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Workday by 177.5% in the 2nd quarter. Principal Financial Group Inc. now owns 20,564 shares of the software maker’s stock valued at $1,995,000 after buying an additional 13,154 shares during the last quarter. Institutional investors and hedge funds own 67.58% of the company’s stock.

In related news, Director David A. Duffield sold 457,386 shares of Workday stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $109.35, for a total transaction of $50,015,159.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Duffield sold 600 shares of Workday stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $108.17, for a total transaction of $64,902.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,456,940 shares of company stock worth $157,952,124. 37.71% of the stock is owned by company insiders.

A number of research analysts recently issued reports on WDAY shares. Guggenheim started coverage on shares of Workday in a research note on Monday, October 30th. They issued a “neutral” rating and a $105.00 target price on the stock. UBS reiterated a “sell” rating and issued a $95.00 target price (down from $121.00) on shares of Workday in a research note on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and issued a $114.00 target price on shares of Workday in a research note on Friday, November 10th. Barclays raised their target price on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Finally, Deutsche Bank restated a “hold” rating and issued a $105.00 price target (up from $95.00) on shares of Workday in a research report on Thursday, August 31st. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $102.73.

Shares of Workday Inc (WDAY) opened at $96.58 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday Inc has a 12-month low of $65.79 and a 12-month high of $116.89.

Workday (NASDAQ:WDAY) last issued its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The business had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. During the same period in the previous year, the business earned $0.03 EPS. The firm’s revenue was up 35.6% on a year-over-year basis. analysts forecast that Workday Inc will post -1.31 earnings per share for the current year.

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Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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