Profund Advisors LLC Boosts Holdings in Workday, Inc. (NASDAQ:WDAY)

Profund Advisors LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,173 shares of the software maker’s stock after buying an additional 1,375 shares during the quarter. Profund Advisors LLC’s holdings in Workday were worth $5,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in WDAY. Vanguard Group Inc. grew its holdings in shares of Workday by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after purchasing an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP grew its holdings in shares of Workday by 9.7% in the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after purchasing an additional 301,463 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Workday by 12.4% in the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock worth $693,382,000 after purchasing an additional 281,207 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Workday by 5.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,511,764 shares of the software maker’s stock worth $417,338,000 after purchasing an additional 75,903 shares during the last quarter. Finally, Meritage Group LP grew its holdings in shares of Workday by 27.5% in the first quarter. Meritage Group LP now owns 1,277,359 shares of the software maker’s stock worth $348,400,000 after purchasing an additional 275,883 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $300.00 price target on shares of Workday in a report on Wednesday. Evercore ISI cut their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Bank of America increased their target price on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. DA Davidson increased their target price on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Guggenheim reiterated a “sell” rating and set a $190.00 target price on shares of Workday in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $286.48.

Insider Activity at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the completion of the transaction, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Workday news, major shareholder David A. Duffield sold 78,279 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $223.89, for a total transaction of $17,525,885.31. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $23,059,998.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the transaction, the director now directly owns 97,500 shares of the company’s stock, valued at $25,381,200. The disclosure for this sale can be found here. Insiders sold 467,402 shares of company stock valued at $109,864,184 in the last three months. 20.00% of the stock is owned by insiders.

Workday Stock Performance

Shares of Workday stock opened at $248.29 on Friday. The firm has a market capitalization of $65.80 billion, a P/E ratio of 44.74, a PEG ratio of 5.07 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $237.48 and a 200 day moving average price of $242.12. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Sell-side analysts expect that Workday, Inc. will post 2.39 EPS for the current year.

Workday 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.