Northern Trust Corp boosted its stake in shares of Workday Inc (NASDAQ:WDAY) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,058,023 shares of the software maker’s stock after buying an additional 38,748 shares during the period. Northern Trust Corp owned 0.47% of Workday worth $217,509,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WDAY. Neuburgh Advisers LLC raised its position in shares of Workday by 82.0% during the 2nd quarter. Neuburgh Advisers LLC now owns 2,442 shares of the software maker’s stock valued at $502,000 after buying an additional 1,100 shares during the period. Public Employees Retirement System of Ohio increased its stake in Workday by 75.4% during the second quarter. Public Employees Retirement System of Ohio now owns 114,235 shares of the software maker’s stock worth $23,484,000 after acquiring an additional 49,103 shares during the last quarter. Tiverton Asset Management LLC raised its position in Workday by 555.2% in the second quarter. Tiverton Asset Management LLC now owns 7,600 shares of the software maker’s stock valued at $1,562,000 after purchasing an additional 6,440 shares during the period. Pacer Advisors Inc. raised its position in Workday by 11.3% in the second quarter. Pacer Advisors Inc. now owns 9,443 shares of the software maker’s stock valued at $1,941,000 after purchasing an additional 960 shares during the period. Finally, Resources Investment Advisors LLC. purchased a new stake in Workday in the second quarter valued at $230,000. Institutional investors own 67.24% of the company’s stock.

WDAY has been the subject of a number of research analyst reports. Piper Jaffray Companies increased their price target on Workday from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Citigroup upgraded shares of Workday from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $138.00 to $192.00 in a report on Friday, August 30th. ValuEngine upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Workday from $212.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Finally, Northland Securities set a $225.00 target price on shares of Workday and gave the stock a “hold” rating in a research note on Friday, August 30th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have given a buy rating to the company’s stock. Workday currently has a consensus rating of “Hold” and an average price target of $212.45.

In other news, Director David A. Duffield sold 286,859 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $174.34, for a total transaction of $50,010,998.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $175.27, for a total transaction of $52,581,000.00. The disclosure for this sale can be found here. Insiders have sold 1,041,609 shares of company stock worth $198,819,164 in the last ninety days. Corporate insiders own 29.80% of the company’s stock.

Workday stock traded down $0.64 during mid-day trading on Wednesday, reaching $173.25. 71,915 shares of the company’s stock were exchanged, compared to its average volume of 2,155,481. The company has a market cap of $39.00 billion, a P/E ratio of -142.26 and a beta of 1.56. Workday Inc has a twelve month low of $117.72 and a twelve month high of $226.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $190.95 and a 200-day moving average of $198.66.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 29th. The software maker reported ($0.38) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.05). The business had revenue of $887.75 million during the quarter, compared to analysts’ expectations of $872.44 million. Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The business’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. Equities research analysts expect that Workday Inc will post -1.12 earnings per share for the current fiscal year.

About Workday

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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