Sepio Capital LP Boosts Stake in Workday, Inc. (NASDAQ:WDAY)

Sepio Capital LP boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,772 shares of the software maker’s stock after buying an additional 208 shares during the quarter. Sepio Capital LP’s holdings in Workday were worth $1,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after buying an additional 324,540 shares in the last quarter. Sustainable Growth Advisers LP lifted its stake in Workday by 9.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock valued at $927,998,000 after buying an additional 301,463 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Workday by 12.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after buying an additional 281,207 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after buying an additional 1,016,394 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Workday by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock valued at $384,518,000 after buying an additional 118,180 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 0.7 %

Workday stock opened at $243.62 on Friday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a 50 day moving average price of $238.82 and a 200 day moving average price of $241.36. The company has a market capitalization of $64.56 billion, a PE ratio of 43.90, a price-to-earnings-growth ratio of 4.91 and a beta of 1.35.

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

Insider Buying and Selling at Workday

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 value of $17,525,885.31. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $23,059,998.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Workday news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the completion of the transaction, the insider now owns 92,014 shares of the company’s stock, valued at approximately $20,856,813.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders sold 467,402 shares of company stock valued at $111,071,544 in the last 90 days. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WDAY shares. Citigroup decreased their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a research note on Wednesday. Loop Capital raised their target price on shares of Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. The Goldman Sachs Group raised their target price on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

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.