New York State Common Retirement Fund Sells 21,403 Shares of Workday, Inc. (NASDAQ:WDAY)

New York State Common Retirement Fund decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 7.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,549 shares of the software maker’s stock after selling 21,403 shares during the period. New York State Common Retirement Fund’s holdings in Workday were worth $62,214,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WDAY. Wealth Enhancement Advisory Services LLC increased its position in Workday by 14.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,444 shares of the software maker’s stock valued at $1,212,000 after buying an additional 569 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Workday in the 1st quarter worth $202,000. First Trust Direct Indexing L.P. lifted its position in Workday by 15.5% during the first quarter. First Trust Direct Indexing L.P. now owns 2,506 shares of the software maker’s stock valued at $684,000 after purchasing an additional 336 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Workday by 22.3% during the first quarter. Janney Montgomery Scott LLC now owns 25,324 shares of the software maker’s stock valued at $6,907,000 after purchasing an additional 4,621 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Workday during the first quarter valued at $159,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WDAY shares. KeyCorp boosted their price objective on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Barclays upped their price objective on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. BMO Capital Markets restated an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Loop Capital upped their target price on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company increased their price objective on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average target price of $287.04.

Workday Price Performance

Shares of NASDAQ WDAY opened at $239.12 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The stock has a 50 day moving average of $246.99 and a two-hundred day moving average of $236.26. The stock has a market cap of $63.37 billion, a P/E ratio of 41.66, a P/E/G ratio of 4.64 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the transaction, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the transaction, the director now owns 97,500 shares in the company, valued at $25,381,200. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 370,575 shares of company stock valued at $91,506,897. Insiders own 20.00% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.