BB&T Corp Acquires New Position in Workday Inc (WDAY)

BB&T Corp acquired a new stake in shares of Workday Inc (NYSE:WDAY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the software maker’s stock, valued at approximately $211,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Workday by 8.5% during the second quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock valued at $1,045,937,000 after acquiring an additional 846,809 shares during the last quarter. Tybourne Capital Management HK Ltd. raised its stake in shares of Workday by 2.2% during the second quarter. Tybourne Capital Management HK Ltd. now owns 2,935,961 shares of the software maker’s stock valued at $284,788,000 after acquiring an additional 62,419 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Workday by 3.3% during the second quarter. Federated Investors Inc. PA now owns 1,322,300 shares of the software maker’s stock valued at $128,263,000 after acquiring an additional 41,800 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Workday during the second quarter valued at about $117,209,000. Finally, Janus Henderson Group PLC raised its stake in shares of Workday by 6,210.6% during the second quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock valued at $100,701,000 after acquiring an additional 1,021,702 shares during the last quarter. 67.08% of the stock is owned by hedge funds and other institutional investors.

Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. The company had revenue of $525.30 million for the quarter, compared to the consensus estimate of $507.44 million. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. Workday’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) EPS.

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In other news, CEO Aneel Bhusri sold 8,816 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $101.65, for a total value of $896,146.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robynne Sisco sold 5,267 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $107.36, for a total transaction of $565,465.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,575,678 shares of company stock worth $170,655,114. 37.71% of the stock is owned by insiders.

WDAY has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $115.00 price objective on shares of Workday in a research note on Friday, July 7th. J P Morgan Chase & Co upped 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. Northland Securities reaffirmed a “hold” rating and set a $90.00 price objective on shares of Workday in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $106.00 price objective on shares of Workday in a research note on Sunday, August 6th. Finally, BidaskClub raised shares of Workday from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $100.15.

Workday Company Profile

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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Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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