SFE Investment Counsel cut its position in Workday Inc (NASDAQ:WDAY) by 23.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,301 shares of the software maker’s stock after selling 1,592 shares during the period. SFE Investment Counsel’s holdings in Workday were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of Workday by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 601,331 shares of the software maker’s stock valued at $72,833,000 after buying an additional 3,678 shares in the last quarter. Aperio Group LLC grew its stake in shares of Workday by 1.6% during the third quarter. Aperio Group LLC now owns 33,707 shares of the software maker’s stock worth $4,921,000 after buying an additional 523 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Workday by 20.5% during the third quarter. IFM Investors Pty Ltd now owns 7,936 shares of the software maker’s stock worth $1,158,000 after buying an additional 1,348 shares during the last quarter. NuWave Investment Management LLC grew its stake in shares of Workday by 2,286.3% during the third quarter. NuWave Investment Management LLC now owns 2,267 shares of the software maker’s stock worth $331,000 after buying an additional 2,172 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Workday by 3.1% during the third quarter. Xact Kapitalforvaltning AB now owns 21,831 shares of the software maker’s stock worth $3,187,000 after buying an additional 656 shares during the last quarter. 67.93% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $165.54, for a total value of $49,662,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO James Bozzini sold 32,250 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $167.40, for a total transaction of $5,398,650.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 999,158 shares of company stock worth $163,638,983. 33.59% of the stock is owned by company insiders.

A number of research firms have weighed in on WDAY. Cantor Fitzgerald set a $185.00 target price on shares of Workday and gave the stock a “buy” rating in a research note on Sunday, December 2nd. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $185.00 target price (up previously from $175.00) on shares of Workday in a research note on Friday, November 30th. BMO Capital Markets boosted their target price on shares of Workday from $165.00 to $170.00 and gave the stock a “market perform” rating in a research note on Friday, November 30th. KeyCorp boosted their target price on shares of Workday from $177.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, November 30th. Finally, Atlantic Securities began coverage on shares of Workday in a research note on Wednesday, January 9th. They set an “overweight” rating and a $206.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Workday presently has an average rating of “Buy” and a consensus target price of $162.74.

Shares of Workday stock traded up $0.25 during trading on Tuesday, hitting $191.04. The company’s stock had a trading volume of 10,032 shares, compared to its average volume of 1,960,205. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.52. Workday Inc has a 52 week low of $117.24 and a 52 week high of $193.37. The stock has a market cap of $42.05 billion, a price-to-earnings ratio of -150.95 and a beta of 1.89.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, November 29th. The software maker reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.76. Workday had a negative net margin of 15.40% and a negative return on equity of 15.98%. The company had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $723.38 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Workday’s revenue for the quarter was up 33.8% on a year-over-year basis. As a group, equities analysts anticipate that Workday Inc will post -1.04 earnings per share for the current fiscal year.

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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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