Public Employees Retirement Association of Colorado increased its position in shares of Workday, Inc. (NYSE:WDAY) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,984 shares of the software maker’s stock after buying an additional 407 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Workday were worth $2,423,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Workday by 6.4% in the first quarter. Vanguard Group Inc. now owns 9,936,052 shares of the software maker’s stock valued at $827,474,000 after buying an additional 593,839 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Workday by 2,792.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 391,700 shares of the software maker’s stock valued at $32,621,000 after buying an additional 378,160 shares during the period. State Street Corp boosted its stake in Workday by 10.6% in the first quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock valued at $190,552,000 after buying an additional 219,326 shares during the period. Russell Investments Group Ltd. boosted its stake in Workday by 45.2% in the first quarter. Russell Investments Group Ltd. now owns 629,077 shares of the software maker’s stock valued at $52,398,000 after buying an additional 195,796 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in Workday by 47.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock valued at $55,650,000 after buying an additional 183,444 shares during the period.
Workday, Inc. (NYSE WDAY) traded down 1.46% during mid-day trading on Friday, reaching $101.40. 1,712,600 shares of the company’s stock were exchanged. The company has a 50-day moving average of $101.28 and a 200-day moving average of $92.65. The stock’s market cap is $20.99 billion. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $106.75.
Workday (NYSE:WDAY) last issued its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The firm had revenue of $479.90 million during the quarter, compared to analyst estimates of $468.07 million. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The company’s quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share. Equities research analysts anticipate that Workday, Inc. will post $0.66 earnings per share for the current year.
Several research firms have recently commented on WDAY. Benchmark Co. began coverage on shares of Workday in a research note on Thursday, April 27th. They set a “hold” rating on the stock. Deutsche Bank AG reissued a “hold” rating and set a $95.00 price target (up from $85.00) on shares of Workday in a research note on Saturday, June 3rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $94.00 price objective (up from $91.00) on shares of Workday in a research note on Saturday, June 3rd. J P Morgan Chase & Co raised their price objective on shares of Workday to $115.00 and gave the company an “overweight” rating in a research note on Thursday, July 13th. Finally, BMO Capital Markets raised their price objective on shares of Workday from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $92.77.
In other news, Director George J. Still, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $96.94, for a total value of $969,400.00. Following the completion of the transaction, the director now directly owns 21,943 shares in the company, valued at $2,127,154.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James P. Shaughnessy sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $97.85, for a total transaction of $587,100.00. The disclosure for this sale can be found here. Insiders have sold 1,285,592 shares of company stock valued at $128,237,888 in the last quarter. Company insiders own 37.71% of the company’s stock.
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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