25,409 Workday, Inc. $WDAY Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its stake in Workday, Inc. (NASDAQ:WDAY) by 10,858.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 25,643 shares of the software maker’s stock after buying an additional 25,409 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Workday were worth $4,851,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WDAY. Allspring Global Investments Holdings LLC boosted its stake in Workday by 17.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,605 shares of the software maker’s stock valued at $2,354,000 after acquiring an additional 1,904 shares during the last quarter. StoneRidge PMG Advisors LLC bought a new position in shares of Workday during the 3rd quarter valued at approximately $343,000. Ethic Inc. grew its position in shares of Workday by 30.0% during the 3rd quarter. Ethic Inc. now owns 38,119 shares of the software maker’s stock valued at $7,260,000 after acquiring an additional 8,790 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Workday by 7.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 3,033,026 shares of the software maker’s stock worth $577,639,000 after purchasing an additional 213,618 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Workday by 12.8% during the 3rd quarter. Parallel Advisors LLC now owns 12,610 shares of the software maker’s stock worth $2,402,000 after purchasing an additional 1,428 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WDAY. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price target (up from $182.00) on shares of Workday in a report on Thursday, October 15th. Wells Fargo & Company upped their price objective on Workday from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. TD Cowen reduced their price objective on Workday from $220.00 to $210.00 and set a “hold” rating for the company in a report on Friday, August 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $205.00 target price (down from $220.00) on shares of Workday in a research report on Wednesday, September 30th. Finally, BNP Paribas Exane raised their target price on Workday from $160.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Twenty-two investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Workday currently has an average rating of “Hold” and a consensus price target of $202.10.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 99,835 shares of Workday stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $187.55, for a total value of $18,724,054.25. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at approximately $19,701,939.95. The trade was a 48.73% decrease in their position. The transaction was disclosed in a 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. Also, insider Gerrit S. Kazmaier sold 2,729 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $187.28, for a total transaction of $511,087.12. Following the sale, the insider directly owned 251,314 shares in the company, valued at $47,066,085.92. The trade was a 1.07% decrease in their position. The SEC filing for this sale provides additional information. 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 sold a total of 988,104 shares of company stock worth $188,811,574 in the last ninety days. Insiders own 18.64% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $190.21 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $45.84 billion, a PE ratio of 38.58, a P/E/G ratio of 2.03 and a beta of 1.02. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $236.80. The company has a 50-day moving average price of $194.04 and a two-hundred day moving average price of $156.51.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company earned $2.21 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts forecast that Workday, Inc. will post 5.32 EPS for the current year.

Workday Company Profile

Workday, Inc develops cloud-based software for managing human resources, finance and business operations. Its products include Workday Human Capital Management, Workday Financial Management and Workday Adaptive Planning, which help organizations manage areas such as workforce administration, accounting, budgeting and forecasting.

Founded in 2005 by Dave Duffield and Aneel Bhusri, Workday serves businesses, governments and educational institutions across a range of industries. Its operations and customer base extend across North America and international markets.

Carl Eschenbach is Workday’s chief executive officer, and co-founder Aneel Bhusri serves as executive chair.