Workday, Inc. $WDAY Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in Workday, Inc. (NASDAQ:WDAY) by 153.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,497 shares of the software maker’s stock after acquiring an additional 14,836 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Workday were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Kintegral Advisory LLC lifted its holdings in Workday by 0.6% in the third quarter. Kintegral Advisory LLC now owns 10,893 shares of the software maker’s stock valued at $2,075,000 after acquiring an additional 61 shares during the period. CoreCap Advisors LLC boosted its position in Workday by 55.9% in the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in Workday by 21.8% in the third quarter. Elevation Wealth Partners LLC now owns 481 shares of the software maker’s stock worth $92,000 after purchasing an additional 86 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in Workday by 5.5% in the third quarter. Baker Tilly Wealth Management LLC now owns 1,791 shares of the software maker’s stock worth $341,000 after purchasing an additional 93 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Workday by 10.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,004 shares of the software maker’s stock valued at $123,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WDAY shares. Citigroup restated a “neutral” rating and set a $201.00 price target (up from $139.00) on shares of Workday in a research note on Tuesday, October 6th. Guggenheim reiterated a “buy” rating and issued a $275.00 price objective (down from $285.00) on shares of Workday in a research note on Friday, August 21st. Sanford C. Bernstein raised their price objective on shares of Workday from $216.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Rothschild & Co Redburn raised their price objective on shares of Workday from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Finally, Bank of America boosted their target price on shares of Workday from $140.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $202.10.

Workday Stock Performance

Workday stock opened at $209.99 on Friday. The firm has a 50 day moving average of $193.30 and a 200 day moving average of $156.25. The firm has a market capitalization of $50.61 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 2.11 and a beta of 1.07. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $247.10. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the business earned $2.21 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that Workday, Inc. will post 5.32 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David Duffield sold 100,780 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total value of $18,708,799.20. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $19,501,296.36. This represents a 48.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 988,104 shares of company stock valued at $188,811,574 in the last three months. Corporate insiders own 18.64% of the company’s stock.

About Workday

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.