Highland Capital Management LLC acquired a new stake in Workday Inc (NASDAQ:WDAY) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,300 shares of the software maker’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in Workday by 55.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock valued at $170,000 after buying an additional 500 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Workday in the second quarter valued at $183,000. Mirador Capital Partners LP acquired a new stake in Workday in the second quarter valued at $200,000. Grassi Investment Management acquired a new stake in Workday in the third quarter valued at $215,000. Finally, CWM Advisors LLC acquired a new stake in Workday in the second quarter valued at $237,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Shares of WDAY stock opened at $127.70 on Friday. The stock has a market cap of $29.78 billion, a price-to-earnings ratio of -100.55 and a beta of 2.01. Workday Inc has a 1 year low of $95.35 and a 1 year high of $157.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.89.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, September 4th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $671.70 million for the quarter, compared to analyst estimates of $663.38 million. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Analysts predict that Workday Inc will post -1.11 earnings per share for the current year.

In related news, Director David A. Duffield sold 374,488 shares of the firm’s stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $133.55, for a total transaction of $50,012,872.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction dated 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. In the last ninety days, insiders have sold 503,782 shares of company stock worth $68,244,014. Corporate insiders own 33.59% of the company’s stock.

A number of analysts have weighed in on WDAY shares. OTR Global upgraded Workday to a “positive” rating in a research note on Friday, August 24th. Guggenheim started coverage on Workday in a research note on Monday, August 20th. They issued a “buy” rating and a $175.00 price target on the stock. BidaskClub cut Workday from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. UBS Group raised their price target on Workday to $169.00 and gave the company a “positive” rating in a research note on Tuesday, September 4th. Finally, Piper Jaffray Companies raised their price target on Workday to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Workday has a consensus rating of “Buy” and an average target price of $147.14.

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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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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