State Board of Administration of Florida Retirement System raised its stake in Workday, Inc. (NYSE:WDAY) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,280 shares of the software maker’s stock after buying an additional 5,283 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of Workday worth $17,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WDAY. Winfield Associates Inc. raised its position in shares of Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after buying an additional 600 shares during the last quarter. First Personal Financial Services raised its position in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after buying an additional 185 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after buying an additional 176 shares during the last quarter.

Workday, Inc. (NYSE:WDAY) opened at 103.57 on Friday. The firm has a 50-day moving average price of $102.15 and a 200-day moving average price of $93.37. The company’s market cap is $21.44 billion. Workday, Inc. has a 12-month low of $65.79 and a 12-month high of $106.75.

Workday (NYSE:WDAY) last released its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. The firm had revenue of $479.90 million during the quarter, compared to analyst estimates of $468.07 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. Workday’s revenue was up 38.0% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. On average, equities research analysts forecast that Workday, Inc. will post $0.66 earnings per share for the current fiscal year.

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WDAY has been the subject of several recent analyst reports. UBS AG reissued a “buy” rating and set a $115.00 price objective (up previously from $103.00) on shares of Workday in a report on Friday, June 2nd. Vetr raised Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective for the company in a report on Monday, May 1st. Drexel Hamilton reissued a “buy” rating and set a $114.00 price objective on shares of Workday in a report on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and set a $115.00 price objective on shares of Workday in a report on Friday, June 2nd. Finally, Bank of America Corporation reissued a “buy” rating and set a $114.00 price objective (up previously from $96.00) on shares of Workday in a report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $93.81.

In related news, COO James Bozzini sold 3,918 shares of Workday stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.68, for a total value of $398,382.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James P. Shaughnessy sold 8,760 shares of Workday stock in a transaction on Monday, July 17th. The shares were sold at an average price of $103.62, for a total value of $907,711.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,285,592 shares of company stock valued at $128,237,888. 37.71% of the stock is currently owned by company insiders.

Workday Company Profile

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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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