Janus Henderson Group PLC Increases Stake in Workday, Inc. $WDAY

Janus Henderson Group PLC grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 101.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,017,905 shares of the software maker’s stock after buying an additional 2,525,821 shares during the quarter. Janus Henderson Group PLC’s holdings in Workday were worth $1,077,537,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Workday during the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the 3rd quarter worth $26,000. DT Investment Partners LLC purchased a new position in Workday during the 4th quarter worth $27,000. LRI Investments LLC purchased a new position in Workday during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Workday in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, insider Robert Enslin sold 5,373 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the sale, the insider directly owned 165,414 shares of the company’s stock, valued at $21,406,225.74. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $128.52, for a total transaction of $13,815,900.00. Following the sale, the insider directly owned 105,049 shares in the company, valued at $13,500,897.48. This represents a 50.58% 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. Insiders sold 774,814 shares of company stock worth $102,272,866 over the last three months. Company insiders own 18.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WDAY. Citigroup reiterated a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Robert W. Baird set a $195.00 price target on shares of Workday in a report on Tuesday, February 24th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a report on Friday, May 22nd. Evercore downgraded shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target for the company. in a report on Wednesday, February 25th. Finally, Morgan Stanley cut their price target on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.03.

Workday Price Performance

Workday stock opened at $121.83 on Thursday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The stock has a market capitalization of $30.09 billion, a P/E ratio of 38.07, a P/E/G ratio of 1.34 and a beta of 1.09. The firm’s 50-day moving average is $127.78 and its two-hundred day moving average is $157.53. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company earned $2.23 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts predict that Workday, Inc. will post 5.4 earnings per share for the current year.

Workday Company 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.