State of Wisconsin Investment Board boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 152,022 shares of the software maker’s stock after purchasing an additional 4,798 shares during the period. State of Wisconsin Investment Board’s holdings in Workday were worth $19,324,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of WDAY. Bailard Inc. bought a new position in Workday during the first quarter valued at about $206,000. Commerce Bank bought a new position in Workday during the first quarter valued at about $209,000. Capital One National Association bought a new position in Workday during the fourth quarter valued at about $219,000. KCM Investment Advisors LLC bought a new position in Workday during the fourth quarter valued at about $233,000. Finally, Miles Capital Inc. bought a new position in Workday during the first quarter valued at about $238,000. Institutional investors own 68.70% of the company’s stock.
WDAY has been the subject of several research reports. Bank of America increased their price target on shares of Workday from $134.00 to $141.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Deutsche Bank increased their price target on shares of Workday from $105.00 to $115.00 and gave the company a “hold” rating in a research report on Tuesday, February 20th. Canaccord Genuity restated a “buy” rating and set a $145.00 price target (up previously from $125.00) on shares of Workday in a research report on Wednesday, February 28th. Citigroup increased their price target on shares of Workday from $85.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, March 1st. Finally, BidaskClub upgraded shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $123.67.
Workday opened at $132.92 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.92 and a quick ratio of 1.92. Workday, Inc. has a 12 month low of $132.39 and a 12 month high of $134.32. The company has a market capitalization of $28.29 billion, a PE ratio of -104.66 and a beta of 1.80.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Workday had a negative net margin of 14.99% and a negative return on equity of 16.31%. The company had revenue of $582.48 million during the quarter, compared to analyst estimates of $573.41 million. equities research analysts predict that Workday, Inc. will post -1.24 EPS for the current year.
In related news, CFO Robynne Sisco sold 9,503 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $127.13, for a total value of $1,208,116.39. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP James P. Shaughnessy sold 7,203 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $126.99, for a total transaction of $914,708.97. The disclosure for this sale can be found here. Insiders sold 673,318 shares of company stock valued at $85,639,988 over the last 90 days. 37.71% of the stock is owned by company insiders.
Workday Company Profile
Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.
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