Sterling Capital Management LLC lowered its holdings in Workday Inc (NYSE:WDAY) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,412 shares of the software maker’s stock after selling 4,049 shares during the period. Sterling Capital Management LLC’s holdings in Workday were worth $1,883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC increased its stake in shares of Workday by 0.5% in the second quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock valued at $836,000 after purchasing an additional 45 shares during the period. Nordea Investment Management AB increased its stake in shares of Workday by 2.5% in the second quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock valued at $331,000 after purchasing an additional 83 shares during the period. Global X Management Co. LLC increased its stake in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after purchasing an additional 97 shares during the period. Gemmer Asset Management LLC increased its stake in shares of Workday by 1.3% in the second quarter. Gemmer Asset Management LLC now owns 8,881 shares of the software maker’s stock valued at $861,000 after purchasing an additional 117 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Workday by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock valued at $538,000 after purchasing an additional 126 shares during the period. 67.08% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on WDAY. Cowen and Company restated a “market perform” rating and issued a $100.00 price target (up previously from $93.00) on shares of Workday in a research note on Thursday, August 31st. Mitsubishi UFJ Financial Group restated a “buy” rating and issued a $116.00 price target (up previously from $106.00) on shares of Workday in a research note on Thursday, August 31st. Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Workday in a research note on Thursday, August 31st. Jefferies Group LLC restated a “hold” rating and issued a $92.00 price target on shares of Workday in a research note on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $114.00 price target (up previously from $101.00) on shares of Workday in a research note on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Workday has a consensus rating of “Hold” and an average price target of $100.00.

In other Workday news, COO James Bozzini sold 3,918 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.68, for a total value of $398,382.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Stankey sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were 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 1,542,957 shares of company stock valued at $167,137,892 in the last ninety days. Insiders own 37.71% of the company’s stock.

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Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The firm had revenue of $525.30 million during the quarter, compared to the consensus estimate of $507.44 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 40.6% on a year-over-year basis.

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 (NYSE:WDAY)

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