Workday Inc (WDAY) Holdings Raised by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in Workday Inc (NASDAQ:WDAY) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 221,300 shares of the software maker’s stock after acquiring an additional 3,800 shares during the period. California Public Employees Retirement System owned 0.11% of Workday worth $23,323,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. IBM Retirement Fund bought a new stake in shares of Workday during the 3rd quarter valued at about $204,000. Janus Henderson Group PLC boosted its stake in shares of Workday by 6,210.6% during 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 purchasing an additional 1,021,702 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Workday by 338.4% during the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock valued at $6,218,000 after purchasing an additional 49,483 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Workday by 9.5% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,933 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 949 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Workday by 7.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock valued at $5,238,000 after purchasing an additional 3,600 shares in the last quarter. 67.54% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO James Bozzini sold 13,700 shares of Workday stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $99.99, for a total value of $1,369,863.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Stankey sold 25,000 shares of Workday stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $100.10, for a total transaction of $2,502,500.00. The disclosure for this sale can be found here. Insiders sold 1,530,397 shares of company stock valued at $162,606,164 over the last ninety days. Corporate insiders own 37.71% of the company’s stock.

A number of brokerages recently issued reports on WDAY. JMP Securities cut shares of Workday from a “market outperform” rating to a “market perform” rating in a research report on Tuesday, October 10th. FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $125.00 in a research report on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating and set a $114.00 price target on shares of Workday in a research report on Thursday, October 12th. Canaccord Genuity reissued a “buy” rating and set a $125.00 price target on shares of Workday in a research report on Friday, October 6th. Finally, UBS reissued an “overweight” rating and set a $116.00 price target (up from $115.00) on shares of Workday in a research report on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $103.03.

Workday Inc (NASDAQ:WDAY) opened at $102.93 on Wednesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday Inc has a twelve month low of $65.79 and a twelve month high of $116.89.

Workday (NASDAQ:WDAY) last issued its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. analysts expect that Workday Inc will post -1.1 EPS for the current fiscal year.

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About Workday

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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