Bristol John W & Co. Inc. NY reduced its position in Workday Inc. (NYSE:WDAY) by 3.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 426,225 shares of the company’s stock after selling 13,758 shares during the period. Bristol John W & Co. Inc. NY owned about 0.21% of Workday worth $39,081,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Workday by 7.5% in the second quarter. Vanguard Group Inc. now owns 8,269,840 shares of the company’s stock worth $617,509,000 after buying an additional 577,294 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Workday by 3.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,152,979 shares of the company’s stock worth $384,773,000 after buying an additional 172,572 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Workday by 5.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,751,816 shares of the company’s stock worth $205,478,000 after buying an additional 143,766 shares during the last quarter. State Street Corp raised its position in Workday by 3.9% in the second quarter. State Street Corp now owns 1,926,525 shares of the company’s stock worth $143,846,000 after buying an additional 72,175 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Workday by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,601,782 shares of the company’s stock worth $119,605,000 after buying an additional 4,152 shares during the last quarter. 61.50% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

Shares of Workday Inc. (NYSE:WDAY) traded down 0.47% during midday trading on Friday, reaching $82.75. 1,301,134 shares of the company traded hands. The firm’s market capitalization is $16.55 billion. The company has a 50-day moving average of $86.64 and a 200 day moving average of $81.77. Workday Inc. has a 12-month low of $47.32 and a 12-month high of $93.35.

Workday (NYSE:WDAY) last posted its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The company earned $377.70 million during the quarter, compared to the consensus estimate of $372.68 million. During the same period last year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. On average, equities analysts forecast that Workday Inc. will post ($0.03) earnings per share for the current year.

Several brokerages recently issued reports on WDAY. Goldman Sachs Group Inc. boosted their price target on Workday from $78.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Needham & Company LLC restated a “hold” rating on shares of Workday in a research note on Tuesday, August 30th. Wunderlich lowered their price target on Workday from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. Cowen and Company restated a “market perform” rating and set a $83.00 price target (up from $75.00) on shares of Workday in a research note on Friday, August 26th. Finally, Wedbush restated an “underperform” rating and set a $63.00 price target (down from $69.00) on shares of Workday in a research note on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.02.

In other news, CFO Robynne Sisco sold 5,489 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $83.29, for a total transaction of $457,178.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aneel Bhusri sold 75,000 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $83.31, for a total transaction of $6,248,250.00. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by company insiders.

About Workday

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment.

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