BB&T Corp grew its holdings in Workday Inc (NASDAQ:WDAY) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,607 shares of the software maker’s stock after acquiring an additional 271 shares during the quarter. BB&T Corp’s holdings in Workday were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Toth Financial Advisory Corp increased its holdings in shares of Workday by 3.3% in the second quarter. Toth Financial Advisory Corp now owns 1,566 shares of the software maker’s stock worth $322,000 after acquiring an additional 50 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Workday by 47.4% in the second quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock worth $34,000 after acquiring an additional 54 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Workday by 4.0% in the second quarter. Ballentine Partners LLC now owns 1,427 shares of the software maker’s stock worth $294,000 after acquiring an additional 55 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Workday by 0.3% in the second quarter. State of Alaska Department of Revenue now owns 17,007 shares of the software maker’s stock worth $3,496,000 after acquiring an additional 56 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of Workday by 23.9% during the second quarter. AdvisorNet Financial Inc now owns 347 shares of the software maker’s stock worth $71,000 after buying an additional 67 shares during the period. Institutional investors own 66.80% of the company’s stock.

In related news, Director David A. Duffield sold 300,785 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $166.27, for a total transaction of $50,011,521.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Petros Dermetzis sold 3,556 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $175.09, for a total value of $622,620.04. The disclosure for this sale can be found here. Insiders have sold 1,099,707 shares of company stock valued at $189,341,183 over the last three months. Insiders own 29.80% of the company’s stock.

WDAY has been the subject of several recent research reports. Barclays set a $175.00 price objective on Workday and gave the stock a “hold” rating in a research report on Friday, November 1st. Goldman Sachs Group raised Workday from a “neutral” rating to a “buy” rating and set a $223.00 price objective for the company in a research report on Friday, October 11th. Wells Fargo & Co set a $210.00 price objective on Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. Guggenheim set a $235.00 price objective on Workday and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, BMO Capital Markets reduced their price objective on Workday from $230.00 to $225.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $211.36.

Shares of NASDAQ WDAY opened at $162.42 on Friday. The stock has a 50 day moving average price of $166.83 and a 200 day moving average price of $192.11. Workday Inc has a 52 week low of $117.72 and a 52 week high of $226.83. 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 stock has a market capitalization of $36.79 billion, a PE ratio of -133.13 and a beta of 1.49.

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 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 company had revenue of $887.75 million for the quarter, compared to analyst estimates of $872.44 million. During the same period last year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 32.2% on a year-over-year basis. As a group, research analysts forecast that Workday Inc will post -1.17 EPS for the current 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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