Royal London Asset Management Ltd. Acquires 5,120 Shares of Workday, Inc. (NASDAQ:WDAY)

Royal London Asset Management Ltd. raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,610 shares of the software maker’s stock after purchasing an additional 5,120 shares during the period. Royal London Asset Management Ltd.’s holdings in Workday were worth $23,638,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WDAY. Principal Financial Group Inc. boosted its holdings in Workday by 45.0% in the 3rd quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker’s stock valued at $4,349,000 after purchasing an additional 5,519 shares during the period. Quest Partners LLC raised its position in shares of Workday by 98.2% in the 3rd quarter. Quest Partners LLC now owns 2,472 shares of the software maker’s stock valued at $604,000 after buying an additional 1,225 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of Workday by 8.1% in the 3rd quarter. Pathstone Holdings LLC now owns 24,733 shares of the software maker’s stock valued at $6,045,000 after buying an additional 1,848 shares in the last quarter. Caprock Group LLC raised its position in shares of Workday by 14.5% in the 3rd quarter. Caprock Group LLC now owns 3,046 shares of the software maker’s stock valued at $744,000 after buying an additional 386 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in shares of Workday by 71.1% in the 3rd quarter. Prospera Financial Services Inc now owns 3,339 shares of the software maker’s stock valued at $816,000 after buying an additional 1,388 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WDAY shares. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. UBS Group upped their price objective on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, Daiwa America upgraded shares of Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.36.

Insider Buying and Selling

In related news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the transaction, the director now directly owns 75,000 shares of the company’s stock, valued at $18,099,750. This represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the transaction, the insider now directly owns 228,000 shares in the company, valued at approximately $60,579,600. This represents a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 473,001 shares of company stock valued at $120,614,400 over the last ninety days. 20.00% of the stock is owned by corporate insiders.

Workday Trading Down 0.4 %

NASDAQ:WDAY opened at $249.49 on Friday. The firm’s fifty day moving average is $256.76 and its 200-day moving average is $255.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The firm has a market cap of $66.36 billion, a P/E ratio of 41.37, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.