Strs Ohio lessened its stake in Workday Inc (NASDAQ:WDAY) by 97.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,148 shares of the software maker’s stock after selling 146,467 shares during the period. Strs Ohio’s holdings in Workday were worth $605,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in Workday in the 2nd quarter valued at about $548,000. Fiera Capital Corp increased its position in Workday by 20.7% in the 2nd quarter. Fiera Capital Corp now owns 4,005 shares of the software maker’s stock valued at $485,000 after acquiring an additional 688 shares during the period. Northern Trust Corp increased its position in Workday by 5.7% in the 2nd quarter. Northern Trust Corp now owns 951,716 shares of the software maker’s stock valued at $115,272,000 after acquiring an additional 51,341 shares during the period. Allen Investment Management LLC increased its position in Workday by 18.0% in the 2nd quarter. Allen Investment Management LLC now owns 28,636 shares of the software maker’s stock valued at $3,468,000 after acquiring an additional 4,372 shares during the period. Finally, Baird Financial Group Inc. increased its position in Workday by 14.5% in the 2nd quarter. Baird Financial Group Inc. now owns 4,221 shares of the software maker’s stock valued at $511,000 after acquiring an additional 535 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.
Several equities analysts recently issued reports on WDAY shares. BidaskClub cut Workday from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. Oppenheimer boosted their price target on Workday from $136.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, September 5th. Royal Bank of Canada boosted their price target on Workday to $159.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. Wells Fargo & Co boosted their price target on Workday from $130.00 to $150.00 and gave the company a “market perform” rating in a research report on Wednesday, September 5th. Finally, Wedbush restated a “neutral” rating and issued a $124.00 price target (down previously from $152.00) on shares of Workday in a research report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Workday presently has a consensus rating of “Buy” and a consensus price target of $149.26.
Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The company had revenue of $671.70 million during the quarter, compared to the consensus estimate of $663.38 million. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. Workday’s revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. Analysts predict that Workday Inc will post -1.11 EPS for the current year.
In other news, COO James Bozzini sold 4,981 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $127.23, for a total transaction of $633,732.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $144.66, for a total value of $10,849,500.00. The disclosure for this sale can be found here. Insiders sold a total of 503,782 shares of company stock valued at $68,244,014 over the last quarter. 33.59% of the stock is currently owned by insiders.
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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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