BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in Workday, Inc. (NYSE:WDAY) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,763 shares of the software maker’s stock after selling 12,766 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Workday were worth $14,236,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Winfield Associates Inc. raised its stake in Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after buying an additional 600 shares during the last quarter. Global X Management Co. LLC raised its stake in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares during the last quarter. IFP Advisors Inc raised its stake in Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after buying an additional 176 shares during the last quarter. Toronto Dominion Bank raised its stake in Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Workday during the first quarter valued at approximately $124,000.

Workday, Inc. (NYSE WDAY) opened at 101.90 on Wednesday. Workday, Inc. has a 12 month low of $65.79 and a 12 month high of $106.75. The stock’s market cap is $21.09 billion. The stock’s 50 day moving average price is $100.80 and its 200-day moving average price is $92.35.

Workday (NYSE:WDAY) last released its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. The business had revenue of $479.90 million for the quarter, compared to analyst estimates of $468.07 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The company’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Equities research analysts predict that Workday, Inc. will post $0.65 EPS for the current year.

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Several analysts have commented on WDAY shares. Drexel Hamilton reissued a “buy” rating and set a $114.00 price target on shares of Workday in a research report on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and set a $115.00 price target on shares of Workday in a research report on Friday, June 2nd. Vetr raised shares of Workday from a “hold” rating to a “buy” rating and set a $93.50 price target for the company in a research report on Monday, May 1st. UBS AG reissued a “buy” rating and set a $115.00 price target (up from $103.00) on shares of Workday in a research report on Friday, June 2nd. Finally, Bank of America Corporation reissued a “buy” rating and set a $114.00 price target (up from $96.00) on shares of Workday in a research report on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Workday currently has a consensus rating of “Hold” and an average target price of $92.37.

In related news, SVP James P. Shaughnessy sold 8,760 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $103.62, for a total transaction of $907,711.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Robynne Sisco sold 1,043 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $102.91, for a total value of $107,335.13. The disclosure for this sale can be found here. In the last three months, insiders sold 1,252,638 shares of company stock worth $124,884,087. Corporate insiders own 37.71% of the company’s stock.

About Workday

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

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Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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