Keybank National Association OH reduced its position in Workday Inc (NASDAQ:WDAY) by 11.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 27,262 shares of the software maker’s stock after selling 3,463 shares during the period. Keybank National Association OH’s holdings in Workday were worth $5,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WDAY. Westpac Banking Corp boosted its position in Workday by 2.4% in the 2nd quarter. Westpac Banking Corp now owns 97,014 shares of the software maker’s stock worth $19,944,000 after purchasing an additional 2,302 shares in the last quarter. Slow Capital Inc. boosted its position in Workday by 4.7% in the 2nd quarter. Slow Capital Inc. now owns 2,835 shares of the software maker’s stock worth $583,000 after purchasing an additional 126 shares in the last quarter. Scott & Selber Inc. purchased a new stake in Workday in the 2nd quarter worth approximately $2,398,000. Wedbush Securities Inc. boosted its position in Workday by 40.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,983 shares of the software maker’s stock worth $408,000 after purchasing an additional 570 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Workday by 12.2% during the 2nd quarter. CWM LLC now owns 1,763 shares of the software maker’s stock worth $362,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors own 65.99% of the company’s stock.

Shares of Workday stock traded up $0.64 on Thursday, reaching $186.41. 22,104 shares of the company were exchanged, compared to its average volume of 1,454,840. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day moving average price of $208.17. The stock has a market capitalization of $42.88 billion, a price-to-earnings ratio of -152.92 and a beta of 1.54. Workday Inc has a 1-year low of $117.72 and a 1-year high of $226.83.

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

In other news, CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $193.14, for a total value of $57,942,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Duffield sold 281 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $219.67, for a total value of $61,727.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 756,292 shares of company stock valued at $154,605,671. Corporate insiders own 29.80% of the company’s stock.

Several research analysts recently commented on WDAY shares. UBS Group increased their price objective on Workday from $148.00 to $160.00 and gave the company a “sell” rating in a research note on Wednesday, May 29th. Piper Jaffray Companies increased their price objective on Workday from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Northland Securities reissued a “hold” rating and issued a $240.00 price objective on shares of Workday in a research note on Tuesday, May 28th. JMP Securities reissued an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Workday in a research note on Wednesday, May 29th. Finally, Canaccord Genuity raised their target price on Workday from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $207.31.

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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