First Trust Advisors LP raised its position in shares of Workday, Inc. (NYSE:WDAY) by 338.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,106 shares of the software maker’s stock after buying an additional 49,483 shares during the period. First Trust Advisors LP’s holdings in Workday were worth $6,218,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in Workday by 20.4% in the first quarter. Bank of Montreal Can now owns 41,798 shares of the software maker’s stock worth $3,481,000 after buying an additional 7,070 shares during the last quarter. Capstone Asset Management Co. acquired a new position in Workday during the first quarter worth about $234,000. State of Alaska Department of Revenue acquired a new position in Workday during the first quarter worth about $124,000. Candriam Luxembourg S.C.A. acquired a new position in Workday during the first quarter worth about $640,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in Workday by 7.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,254 shares of the software maker’s stock worth $253,000 after buying an additional 230 shares during the last quarter.

Shares of Workday, Inc. (NYSE:WDAY) opened at 104.41 on Wednesday. The stock has a 50 day moving average price of $102.15 and a 200 day moving average price of $93.37. The firm’s market cap is $21.61 billion. Workday, Inc. has a 12-month low of $65.79 and a 12-month high of $106.75.

Workday (NYSE:WDAY) last posted its earnings results on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.13. The business 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%. The company’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the company earned $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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WDAY has been the topic of a number of research reports. Royal Bank Of Canada cut their target price on shares of Workday from $105.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $105.00 target price (up from $95.00) on shares of Workday in a research report on Monday, May 29th. Citigroup Inc. restated a “sell” rating on shares of Workday in a research report on Tuesday, May 30th. Drexel Hamilton restated a “buy” rating and set a $114.00 target price on shares of Workday in a research report on Wednesday, May 31st. Finally, JMP Securities restated an “overweight” rating and set a $90.00 target price on shares of Workday in a research report on Thursday, June 1st. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $94.38.

In related news, CFO Robynne Sisco sold 1,470 shares of Workday stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.70, for a total value of $149,499.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aneel Bhusri sold 8,816 shares of Workday stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.65, for a total value of $896,146.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,285,592 shares of company stock valued at $128,237,888. Corporate insiders own 37.71% of the company’s stock.

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.

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Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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