Pinebridge Investments L.P. grew its holdings in Workday Inc (NASDAQ:WDAY) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,693 shares of the software maker’s stock after acquiring an additional 2,646 shares during the period. Pinebridge Investments L.P.’s holdings in Workday were worth $19,261,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM Advisors LLC raised its stake in shares of Workday by 11.0% in the 2nd quarter. CWM Advisors LLC now owns 3,652 shares of the software maker’s stock valued at $751,000 after acquiring an additional 362 shares during the period. Motley Fool Asset Management LLC raised its stake in shares of Workday by 17.4% in the 1st quarter. Motley Fool Asset Management LLC now owns 3,299 shares of the software maker’s stock valued at $636,000 after acquiring an additional 490 shares during the period. Aviva PLC raised its stake in shares of Workday by 6.8% in the 2nd quarter. Aviva PLC now owns 58,600 shares of the software maker’s stock valued at $12,047,000 after acquiring an additional 3,715 shares during the period. Comerica Bank raised its stake in shares of Workday by 12.1% in the 2nd quarter. Comerica Bank now owns 5,530 shares of the software maker’s stock valued at $1,206,000 after acquiring an additional 595 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of Workday by 652.0% in the 2nd quarter. Advisory Services Network LLC now owns 564 shares of the software maker’s stock valued at $116,000 after acquiring an additional 489 shares during the period. 67.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ WDAY traded down $2.47 during midday trading on Friday, hitting $167.91. The company’s stock had a trading volume of 420,819 shares, compared to its average volume of 2,245,707. Workday Inc has a 1-year low of $117.72 and a 1-year high of $226.83. The firm’s fifty day moving average price is $190.22 and its 200-day moving average price is $198.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $39.01 billion, a P/E ratio of -137.63 and a beta of 1.56.

Workday (NASDAQ:WDAY) last posted 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). Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The business had revenue of $887.75 million during the quarter, compared to analyst estimates of $872.44 million. During the same period last year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 32.2% on a year-over-year basis. As a group, research analysts predict that Workday Inc will post -1.12 earnings per share for the current fiscal year.

Several research firms recently issued reports on WDAY. Mizuho set a $225.00 price target on shares of Workday and gave the stock a “buy” rating in a research note on Friday, August 30th. BMO Capital Markets dropped their price target on shares of Workday from $230.00 to $225.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. BidaskClub downgraded shares of Workday from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 7th. JMP Securities set a $225.00 price target on shares of Workday and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, KeyCorp set a $235.00 price target on shares of Workday and gave the stock a “buy” rating in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $212.45.

In other Workday news, insider Petros Dermetzis sold 6,422 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $208.35, for a total transaction of $1,338,023.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Duffield sold 286,859 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $174.34, for a total transaction of $50,010,998.06. The disclosure for this sale can be found here. Insiders sold a total of 863,053 shares of company stock valued at $161,631,974 over the last ninety days. Company insiders own 29.80% of the company’s stock.

Workday 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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