Temasek Holdings Private Ltd Has $115.54 Million Stake in Workday, Inc. $WDAY

Temasek Holdings Private Ltd increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 9.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 889,318 shares of the software maker’s stock after purchasing an additional 77,330 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Workday were worth $115,540,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WDAY. Vanguard Group Inc. grew its holdings in Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after acquiring an additional 3,210,232 shares during the period. Auto Owners Insurance Co raised its position in shares of Workday by 25,412.8% during the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after acquiring an additional 10,190,516 shares during the last quarter. State Street Corp lifted its stake in shares of Workday by 1.0% in the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock valued at $2,098,552,000 after purchasing an additional 96,139 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Workday by 47.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after purchasing an additional 1,882,391 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Workday by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock worth $1,089,970,000 after purchasing an additional 75,922 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

WDAY opened at $141.17 on Wednesday. The stock has a market cap of $34.87 billion, a P/E ratio of 44.12, a P/E/G ratio of 1.57 and a beta of 1.11. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $132.42 and a 200 day simple moving average of $143.01.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $2.23 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts expect that Workday, Inc. will post 5.35 EPS for the current year.

Insider Activity at Workday

In other news, insider Robert Enslin sold 5,374 shares of Workday stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the transaction, the insider owned 239,469 shares in the company, valued at $32,304,368.10. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Also, insider Gerrit S. Kazmaier sold 2,728 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $143.62, for a total value of $391,795.36. Following the completion of the transaction, the insider owned 266,388 shares of the company’s stock, valued at $38,258,644.56. This represents a 1.01% decrease in their ownership of the stock. 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 have sold a total of 875,020 shares of company stock valued at $113,938,503 over the last 90 days. Insiders own 18.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WDAY. TD Cowen reaffirmed a “hold” rating on shares of Workday in a research note on Friday, May 22nd. William Blair upgraded Workday to a “strong-buy” rating in a report on Friday, May 22nd. Morgan Stanley cut Workday from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $185.00 to $145.00 in a report on Tuesday. Monness Crespi & Hardt raised Workday from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Thursday, June 25th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $160.00 price target on shares of Workday in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.80.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.