Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Workday, Inc. (NYSE:WDAY) by 0.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 499,563 shares of the software maker’s stock after selling 420 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of Workday worth $48,458,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Workday by 6.4% in the first quarter. Vanguard Group Inc. now owns 9,936,052 shares of the software maker’s stock valued at $827,474,000 after buying an additional 593,839 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Workday by 2,792.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 391,700 shares of the software maker’s stock valued at $32,621,000 after buying an additional 378,160 shares during the last quarter. State Street Corp boosted its stake in Workday by 10.6% in the first quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock valued at $190,552,000 after buying an additional 219,326 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Workday by 47.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock valued at $55,650,000 after buying an additional 183,444 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Workday by 355.9% in the first quarter. Teacher Retirement System of Texas now owns 179,780 shares of the software maker’s stock valued at $14,972,000 after buying an additional 140,347 shares during the last quarter.

Shares of Workday, Inc. (WDAY) opened at 103.50 on Tuesday. The company’s market capitalization is $21.42 billion. The stock’s 50 day moving average price is $102.15 and its 200-day moving average price is $93.37. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $106.75.

Workday (NYSE:WDAY) last posted its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, topping the 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. On average, equities analysts expect that Workday, Inc. will post $0.65 earnings per share for the current year.

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Several equities research analysts have commented on the company. UBS AG restated a “buy” rating and issued a $115.00 target price (up previously from $103.00) on shares of Workday in a research note on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 target price on Workday and gave the company a “buy” rating in a research note on Saturday, June 3rd. Stifel Nicolaus restated a “hold” rating and issued a $92.00 target price on shares of Workday in a research note on Tuesday, August 22nd. Piper Jaffray Companies restated a “buy” rating and issued a $115.00 target price on shares of Workday in a research note on Tuesday, August 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Workday in a research note on Monday. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Workday presently has a consensus rating of “Hold” and an average target price of $94.13.

In other Workday news, Director Michael A. Stankey sold 25,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $103.05, for a total value of $2,576,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Duffield sold 359,484 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $97.39, for a total value of $35,010,146.76. The disclosure for this sale can be found here. Insiders sold a total of 1,285,592 shares of company stock valued at $128,237,888 over the last 90 days. 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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