Workday Inc (NASDAQ:WDAY) Holdings Trimmed by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Workday Inc (NASDAQ:WDAY) by 3.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 35,389 shares of the software maker’s stock after selling 1,275 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Workday were worth $3,730,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winfield Associates Inc. lifted its holdings in shares of Workday by 136.4% in the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after acquiring an additional 600 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Workday by 6,210.6% in the 2nd 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. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Workday by 47.0% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock valued at $55,650,000 after acquiring an additional 183,444 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Workday by 338.4% in the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock valued at $6,218,000 after acquiring an additional 49,483 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Workday by 9.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,933 shares of the software maker’s stock valued at $1,152,000 after acquiring an additional 949 shares during the last quarter. 67.58% of the stock is owned by institutional investors and hedge funds.

In other news, Director David A. Duffield sold 457,386 shares of Workday stock in a transaction on Friday, September 8th. The shares were sold at an average price of $109.35, for a total transaction of $50,015,159.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aneel Bhusri sold 11,163 shares of Workday stock in a transaction on Monday, October 16th. The stock was sold at an average price of $107.51, for a total transaction of $1,200,134.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,456,940 shares of company stock valued at $157,952,124. 37.71% of the stock is owned by insiders.

Shares of Workday Inc (NASDAQ:WDAY) traded down $3.94 on Monday, reaching $96.58. 3,308,678 shares of the company’s stock traded hands, compared to its average volume of 1,612,607. Workday Inc has a 52 week low of $65.79 and a 52 week high of $116.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.11.

Workday (NASDAQ:WDAY) last announced its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The company had revenue of $555.40 million during the quarter, compared to the consensus estimate of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. Workday’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. equities analysts predict that Workday Inc will post -1.31 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $101.00 price target on shares of Workday in a report on Friday. TheStreet raised shares of Workday from a “d+” rating to a “c” rating in a research report on Wednesday, November 29th. UBS set a $95.00 price objective on shares of Workday and gave the stock a “sell” rating in a research report on Thursday. Drexel Hamilton reissued a “buy” rating and issued a $133.00 price objective on shares of Workday in a research report on Wednesday, November 29th. Finally, Oppenheimer reissued a “buy” rating and issued a $117.00 price objective on shares of Workday in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $102.73.

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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.

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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