Commonwealth Equity Services Inc increased its position in Workday Inc (NASDAQ:WDAY) by 30.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,028 shares of the software maker’s stock after purchasing an additional 948 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Workday were worth $424,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Personal Financial Services lifted its holdings in shares of Workday by 21.2% during the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock valued at $103,000 after acquiring an additional 185 shares during the period. Global X Management Co. LLC lifted its holdings in shares of Workday by 9.3% during the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after acquiring an additional 97 shares during the period. IFP Advisors Inc lifted its holdings in shares of Workday by 17.6% during the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after acquiring an additional 176 shares during the period. Advisor Group Inc. lifted its holdings in shares of Workday by 22.5% during the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after acquiring an additional 236 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Workday by 15.1% during the second quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after acquiring an additional 201 shares during the period. 67.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Workday Inc (WDAY) opened at $100.52 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.54 and a quick ratio of 1.54. Workday Inc has a 12-month low of $65.79 and a 12-month high of $116.89.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The firm had revenue of $555.40 million during the quarter, compared to analyst estimates of $541.05 million. Workday had a negative return on equity of 20.71% and a negative net margin of 16.91%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. sell-side analysts predict that Workday Inc will post -1.33 EPS for the current fiscal year.

In other Workday news, Director David A. Duffield sold 457,386 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $109.35, for a total transaction of $50,015,159.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David A. Duffield sold 600 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $108.17, for a total value of $64,902.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,456,940 shares of company stock valued at $157,952,124. Corporate insiders own 37.71% of the company’s stock.

WDAY has been the subject of a number of analyst reports. Canaccord Genuity reissued a “buy” rating and set a $125.00 price objective on shares of Workday in a report on Friday, October 6th. J P Morgan Chase & Co reissued a “buy” rating and set a $120.00 price objective on shares of Workday in a report on Tuesday. FBN Securities raised Workday from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $115.00 to $125.00 in a report on Wednesday, October 11th. BidaskClub upgraded Workday from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. Finally, Cowen restated a “market perform” rating and issued a $100.00 target price on shares of Workday in a research note on Saturday, October 14th. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $102.73.

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Workday 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 (NASDAQ:WDAY)

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