Royal London Asset Management Ltd. Has $23.64 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Royal London Asset Management Ltd. raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,610 shares of the software maker’s stock after buying an additional 5,120 shares during the period. Royal London Asset Management Ltd.’s holdings in Workday were worth $23,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bristlecone Advisors LLC increased its holdings in shares of Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock worth $754,000 after buying an additional 968 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Workday by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after purchasing an additional 1,978 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after purchasing an additional 119,769 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of Workday during the fourth quarter valued at approximately $369,000. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Workday by 387.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock valued at $86,926,000 after purchasing an additional 282,632 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WDAY. Scotiabank decreased their price target on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Workday in a research note on Wednesday, February 26th. Barclays reduced their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. UBS Group raised their price objective on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $300.36.

Workday Trading Down 0.4 %

Shares of NASDAQ:WDAY opened at $249.49 on Friday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $256.76 and its 200 day simple moving average is $255.15. The firm has a market cap of $66.36 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 3.55 and a beta of 1.38.

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

Insider Buying and Selling at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. 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 56,000 shares of Workday stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the completion of the sale, the insider now owns 228,000 shares in the company, valued at $60,579,600. The trade was a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 473,001 shares of company stock worth $120,614,400. Insiders own 20.00% of the company’s stock.

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.