Keybank National Association OH increased its stake in Workday Inc (NASDAQ:WDAY) by 24.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,847 shares of the software maker’s stock after buying an additional 5,519 shares during the quarter. Keybank National Association OH’s holdings in Workday were worth $4,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. National Asset Management Inc. purchased a new position in shares of Workday during the third quarter valued at $989,000. Jennison Associates LLC increased its stake in shares of Workday by 3.4% during the third quarter. Jennison Associates LLC now owns 7,701,472 shares of the software maker’s stock valued at $1,124,261,000 after buying an additional 252,921 shares during the period. Cedar Capital LLC increased its stake in shares of Workday by 29.5% during the third quarter. Cedar Capital LLC now owns 5,133 shares of the software maker’s stock valued at $749,000 after buying an additional 1,170 shares during the period. Piedmont Investment Advisors Inc. purchased a new position in shares of Workday during the third quarter valued at $1,535,000. Finally, Swiss National Bank increased its stake in shares of Workday by 3.0% during the third quarter. Swiss National Bank now owns 466,600 shares of the software maker’s stock valued at $68,100,000 after buying an additional 13,400 shares during the period. Institutional investors own 66.71% of the company’s stock.

Shares of NASDAQ WDAY opened at $133.10 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a market capitalization of $26.92 billion, a price-to-earnings ratio of -104.80 and a beta of 2.04. Workday Inc has a fifty-two week low of $95.35 and a fifty-two week high of $157.12.

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, topping the consensus estimate of $0.26 by $0.05. The business 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%. The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. On average, equities analysts anticipate that Workday Inc will post -1.11 earnings per share for the current year.

In related news, CEO Aneel Bhusri sold 75,000 shares of Workday stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $144.66, for a total transaction of $10,849,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Bozzini sold 4,981 shares of Workday stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $127.23, for a total value of $633,732.63. The disclosure for this sale can be found here. In the last three months, insiders sold 503,782 shares of company stock valued at $68,244,014. Corporate insiders own 33.59% of the company’s stock.

Several equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on Workday to $141.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. Stifel Nicolaus raised their price target on Workday from $115.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. Canaccord Genuity raised their price target on Workday from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. Monness Crespi & Hardt lifted their target price on Workday from $158.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. Finally, UBS Group lifted their target price on Workday to $169.00 and gave the company a “positive” rating in a research note on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Workday currently has a consensus rating of “Buy” and a consensus target price of $150.61.

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Workday 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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