William Blair Investment Management LLC reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,544 shares of the software maker’s stock after selling 985 shares during the quarter. William Blair Investment Management LLC’s holdings in Workday were worth $6,611,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock worth $5,288,000 after acquiring an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock valued at $265,000 after purchasing an additional 139 shares during the last quarter. Chicago Capital LLC lifted its holdings in shares of Workday by 2.2% in the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after purchasing an additional 3,824 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock valued at $7,486,000 after purchasing an additional 8,093 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock valued at $7,288,000 after purchasing an additional 5,300 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.
Workday Stock Up 3.0%
WDAY opened at $241.20 on Tuesday. The business has a 50 day moving average price of $231.86 and a two-hundred day moving average price of $236.99. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market cap of $64.40 billion, a PE ratio of 111.67, a P/E/G ratio of 2.92 and a beta of 1.10. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00.
Insider Activity at Workday
In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the transaction, the chief executive officer owned 20,222 shares in the company, valued at approximately $4,803,129.44. The trade was a 23.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the transaction, the chief financial officer owned 168,468 shares in the company, valued at $39,189,026.16. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,933 shares of company stock worth $61,475,760 in the last three months. 20.00% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. DA Davidson boosted their target price on Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Canaccord Genuity Group reduced their target price on Workday from $330.00 to $275.00 and set a “buy” rating for the company in a report on Friday, August 22nd. UBS Group set a $304.00 target price on Workday in a report on Friday, August 22nd. Oppenheimer reduced their target price on Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Finally, Stifel Nicolaus reduced their target price on Workday from $275.00 to $255.00 and set a “hold” rating for the company in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.83.
Read Our Latest Report on Workday
Workday Company Profile
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.
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