Royal London Asset Management Ltd. grew its position in shares of Workday Inc (NASDAQ:WDAY) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,053 shares of the software maker’s stock after purchasing an additional 1,252 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Workday were worth $11,935,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. boosted its holdings in Workday by 60.9% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock valued at $29,000 after acquiring an additional 56 shares during the period. Advisory Alpha LLC purchased a new stake in Workday during the 1st quarter valued at about $30,000. Lindbrook Capital LLC boosted its holdings in Workday by 149.2% during the 1st quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock valued at $29,000 after acquiring an additional 91 shares during the period. Meeder Asset Management Inc. purchased a new stake in Workday during the 1st quarter valued at about $31,000. Finally, Strategy Asset Managers LLC purchased a new stake in Workday during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 65.99% of the company’s stock.

In related news, Director David A. Duffield sold 281 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $219.67, for a total transaction of $61,727.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 10,235 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $218.42, for a total value of $2,235,528.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 756,292 shares of company stock valued at $154,605,671. 29.80% of the stock is currently owned by company insiders.

Shares of WDAY traded down $5.38 on Wednesday, reaching $186.77. The stock had a trading volume of 13,780 shares, compared to its average volume of 1,753,691. The firm has a market capitalization of $42.34 billion, a price-to-earnings ratio of -152.32 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. The company’s 50-day moving average price is $208.57. Workday Inc has a 12-month low of $117.72 and a 12-month high of $226.83.

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

Several equities research analysts recently weighed in on the company. Monness Crespi & Hardt restated a “buy” rating and set a $262.00 target price (up from $250.00) on shares of Workday in a report on Wednesday, May 29th. Oppenheimer increased their target price on Workday from $216.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Bank of America increased their target price on Workday from $234.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Piper Jaffray Companies increased their target price on Workday from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Finally, KeyCorp restated a “buy” rating and set a $235.00 target price on shares of Workday in a report on Wednesday, May 22nd. Six investment 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 stock. The stock currently has an average rating of “Hold” and an average target price of $207.31.

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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