Workday Inc (WDAY) Shares Bought by Swiss National Bank
Swiss National Bank boosted its stake in shares of Workday Inc (NASDAQ:WDAY) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 466,600 shares of the software maker’s stock after acquiring an additional 13,400 shares during the quarter. Swiss National Bank’s holdings in Workday were worth $68,100,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Frontier Capital Management Co. LLC bought a new stake in Workday during the 3rd quarter worth about $62,598,000. State Board of Administration of Florida Retirement System lifted its position in Workday by 1.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 190,443 shares of the software maker’s stock valued at $27,801,000 after purchasing an additional 2,651 shares during the period. Fiera Capital Corp lifted its position in Workday by 20.7% during the 2nd quarter. Fiera Capital Corp now owns 4,005 shares of the software maker’s stock valued at $485,000 after purchasing an additional 688 shares during the period. Northern Trust Corp lifted its position in Workday by 5.7% during the 2nd quarter. Northern Trust Corp now owns 951,716 shares of the software maker’s stock valued at $115,272,000 after purchasing an additional 51,341 shares during the period. Finally, Allen Investment Management LLC lifted its position in Workday by 18.0% during the 2nd quarter. Allen Investment Management LLC now owns 28,636 shares of the software maker’s stock valued at $3,468,000 after purchasing an additional 4,372 shares during the period. 66.71% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director David A. Duffield sold 374,488 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aneel Bhusri sold 75,000 shares of the stock in a transaction that occurred 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 worth $68,244,014 over the last quarter. 33.59% of the stock is currently owned by corporate insiders.
Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $671.70 million for the quarter, compared to the consensus estimate of $663.38 million. Workday had a negative net margin of 13.81% and a negative return on equity of 13.36%. Workday’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. On average, analysts forecast that Workday Inc will post -1.11 EPS for the current fiscal year.
A number of research analysts have issued reports on WDAY shares. BidaskClub upgraded shares of Workday from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Royal Bank of Canada upped their target price on shares of Workday to $159.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. UBS Group upped their target price on shares of Workday to $169.00 and gave the company a “positive” rating in a research report on Tuesday, September 4th. Monness Crespi & Hardt upped their target price on shares of Workday from $158.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Piper Jaffray Companies upped their target price on shares of Workday to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eighteen 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 target price of $150.61.
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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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