Scott & Selber Inc. purchased a new position in Workday Inc (NASDAQ:WDAY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,666 shares of the software maker’s stock, valued at approximately $2,398,000.

Several other institutional investors and hedge funds have also made changes to their positions in WDAY. Jennison Associates LLC grew its holdings in shares of Workday by 6.8% in the first quarter. Jennison Associates LLC now owns 8,716,482 shares of the software maker’s stock valued at $1,680,974,000 after purchasing an additional 552,280 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Workday by 5.6% in the first quarter. Blair William & Co. IL now owns 1,077,343 shares of the software maker’s stock worth $207,766,000 after acquiring an additional 57,358 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Workday by 3.3% in the first quarter. Northern Trust Corp now owns 1,019,275 shares of the software maker’s stock worth $196,566,000 after acquiring an additional 32,907 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Workday by 6.7% in the second quarter. First Trust Advisors LP now owns 718,744 shares of the software maker’s stock worth $147,759,000 after acquiring an additional 45,386 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Workday by 9.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 613,936 shares of the software maker’s stock worth $118,398,000 after acquiring an additional 51,588 shares in the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on WDAY. Monness Crespi & Hardt restated a “buy” rating and issued a $262.00 price target (up from $250.00) on shares of Workday in a report on Wednesday, May 29th. BidaskClub downgraded Workday from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their target price on Workday to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Credit Suisse Group boosted their target price on Workday from $185.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Finally, UBS Group boosted their target price on Workday from $148.00 to $160.00 and gave the stock a “sell” rating in a research note on Wednesday, May 29th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company. Workday has an average rating of “Hold” and a consensus target price of $207.31.

Shares of NASDAQ WDAY traded up $2.54 during trading hours on Tuesday, reaching $192.28. 779,356 shares of the stock were exchanged, compared to its average volume of 1,500,167. The company has a market cap of $43.28 billion, a price-to-earnings ratio of -157.61 and a beta of 1.54. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. Workday Inc has a 52 week low of $117.72 and a 52 week high of $226.83. The company’s fifty day simple moving average is $208.91.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, May 28th. The software maker reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.03). The firm had revenue of $825.10 million for the quarter, compared to the consensus estimate of $814.21 million. Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. Workday’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, research analysts predict that Workday Inc will post -1.06 EPS for the current fiscal year.

In other Workday news, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $193.14, for a total transaction of $57,942,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robynne Sisco sold 10,235 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $218.42, for a total transaction of $2,235,528.70. The disclosure for this sale can be found here. Insiders sold a total of 757,346 shares of company stock worth $154,821,963 over the last three months. 29.80% of the stock is owned by company insiders.

Workday Company Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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