State Board of Administration of Florida Retirement System increased its stake in Workday Inc (NASDAQ:WDAY) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,443 shares of the software maker’s stock after buying an additional 2,651 shares during the period. State Board of Administration of Florida Retirement System owned 0.09% of Workday worth $27,801,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Frontier Capital Management Co. LLC purchased a new stake in shares of Workday in the 3rd quarter worth approximately $62,598,000. Fox Run Management L.L.C. purchased a new stake in shares of Workday in the 2nd quarter worth approximately $548,000. Fiera Capital Corp grew its stake in shares of Workday by 20.7% in the 2nd quarter. Fiera Capital Corp now owns 4,005 shares of the software maker’s stock worth $485,000 after buying an additional 688 shares during the last quarter. Northern Trust Corp grew its stake in shares of Workday by 5.7% in the 2nd quarter. Northern Trust Corp now owns 951,716 shares of the software maker’s stock worth $115,272,000 after buying an additional 51,341 shares during the last quarter. Finally, Allen Investment Management LLC grew its stake in shares of Workday by 18.0% in the 2nd quarter. Allen Investment Management LLC now owns 28,636 shares of the software maker’s stock worth $3,468,000 after buying an additional 4,372 shares during the last quarter. Institutional investors own 67.37% of the company’s stock.
In other news, Director David A. Duffield sold 1,434 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $127.25, for a total transaction of $182,476.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP James P. Shaughnessy sold 2,190 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $127.35, for a total value of $278,896.50. The disclosure for this sale can be found here. Insiders have sold a total of 503,782 shares of company stock worth $68,244,014 over the last three months. Insiders own 33.59% of the company’s stock.
WDAY has been the topic of several recent analyst reports. BidaskClub downgraded Workday from a “buy” rating to a “hold” rating in a research note on Saturday, July 21st. Oppenheimer increased their target price on Workday from $136.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Royal Bank of Canada increased their target price on Workday to $159.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Wells Fargo & Co increased their target price on Workday from $130.00 to $150.00 and gave the company a “market perform” rating in a research note on Wednesday, September 5th. Finally, Wedbush reiterated a “neutral” rating and set a $124.00 target price (down from $152.00) on shares of Workday in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $149.26.
NASDAQ WDAY opened at $134.98 on Wednesday. The firm has a market cap of $28.83 billion, a PE ratio of -106.28 and a beta of 2.04. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.54. Workday Inc has a 1-year low of $95.35 and a 1-year high of $157.12.
Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The firm had revenue of $671.70 million for the quarter, compared to analysts’ expectations of $663.38 million. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The company’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. As a group, analysts forecast that Workday Inc will post -1.11 EPS for the current fiscal year.
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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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