Principal Financial Group Inc. lessened its stake in shares of Workday Inc (NASDAQ:WDAY) by 18.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,850 shares of the software maker’s stock after selling 3,714 shares during the period. Principal Financial Group Inc.’s holdings in Workday were worth $1,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WDAY. Capstone Asset Management Co. grew its stake in Workday by 9.6% during the 2nd quarter. Capstone Asset Management Co. now owns 3,076 shares of the software maker’s stock valued at $298,000 after acquiring an additional 270 shares in the last quarter. IFP Advisors Inc grew its stake in Workday by 17.6% during the 2nd quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after acquiring an additional 176 shares in the last quarter. Global X Management Co. LLC grew its stake in Workday by 9.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after acquiring an additional 97 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Workday by 18.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 217,703 shares of the software maker’s stock valued at $21,118,000 after acquiring an additional 34,266 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Workday by 23.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,488 shares of the software maker’s stock valued at $2,181,000 after acquiring an additional 4,275 shares in the last quarter. Hedge funds and other institutional investors own 67.58% of the company’s stock.

Several equities analysts have weighed in on the company. BidaskClub cut Workday from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Jefferies Group reaffirmed a “hold” rating and set a $101.00 target price on shares of Workday in a research note on Friday, December 1st. TheStreet raised Workday from a “d+” rating to a “c” rating in a research note on Wednesday, November 29th. UBS set a $95.00 target price on Workday and gave the company a “sell” rating in a research note on Thursday, November 30th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $133.00 target price on shares of Workday in a research note on Wednesday, November 29th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $103.03.

Shares of Workday Inc (NASDAQ:WDAY) opened at $104.81 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.11. Workday Inc has a 12-month low of $65.79 and a 12-month high of $116.89.

Workday (NASDAQ:WDAY) last announced its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. equities analysts predict that Workday Inc will post -1.1 earnings per share for the current fiscal year.

In other Workday news, Director David A. Duffield sold 482,001 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $103.77, for a total transaction of $50,017,243.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Stankey sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $106.86, for a total value of $2,671,500.00. The disclosure for this sale can be found here. Insiders have sold 1,546,555 shares of company stock valued at $164,412,909 in the last ninety days. Company insiders own 37.71% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/workday-inc-wday-holdings-cut-by-principal-financial-group-inc/1759144.html.

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.

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc (NASDAQ:WDAY).

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.