Robeco Institutional Asset Management B.V. Has $90.37 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Robeco Institutional Asset Management B.V. lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 350,238 shares of the software maker's stock after acquiring an additional 51,215 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Workday worth $90,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in Workday during the third quarter valued at about $26,000. Meeder Asset Management Inc. lifted its stake in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after buying an additional 43 shares during the period. New Millennium Group LLC lifted its stake in shares of Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock valued at $36,000 after buying an additional 94 shares during the period. True Wealth Design LLC lifted its stake in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock valued at $36,000 after buying an additional 143 shares during the period. Finally, Fortitude Family Office LLC lifted its stake in shares of Workday by 713.6% in the third quarter. Fortitude Family Office LLC now owns 179 shares of the software maker's stock valued at $44,000 after buying an additional 157 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at approximately $25,872,846.40. The trade was a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 over the last ninety days. 20.00% of the stock is currently owned by corporate insiders.

Workday Trading Down 2.0 %

NASDAQ:WDAY traded down $5.33 during mid-day trading on Thursday, hitting $260.07. The company had a trading volume of 1,348,598 shares, compared to its average volume of 2,003,292. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The business's fifty day moving average is $261.34 and its two-hundred day moving average is $248.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $69.18 billion, a P/E ratio of 43.13, a P/E/G ratio of 4.58 and a beta of 1.34.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company's quarterly revenue was up 15.8% on a year-over-year basis. As a group, research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Oppenheimer reiterated an "outperform" rating and issued a $300.00 target price on shares of Workday in a research note on Tuesday, December 3rd. Morgan Stanley increased their target price on shares of Workday from $315.00 to $330.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Bank of America reduced their target price on shares of Workday from $310.00 to $285.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Finally, Piper Sandler restated a "neutral" rating and set a $270.00 price target (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $292.25.

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.