Bessemer Group Inc. cut its stake in Workday Inc (NYSE:WDAY) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,013 shares of the software maker’s stock after selling 674 shares during the period. Bessemer Group Inc.’s holdings in Workday were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Swiss National Bank boosted its stake in Workday by 6.1% in the 3rd quarter. Swiss National Bank now owns 483,300 shares of the software maker’s stock worth $50,935,000 after purchasing an additional 27,900 shares during the period. BlueSky Wealth Advisors LLC acquired a new position in Workday in the 3rd quarter worth $206,000. USA Financial Portformulas Corp acquired a new position in Workday in the 3rd quarter worth $463,000. Mn Services Vermogensbeheer B.V. boosted its stake in Workday by 6.4% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 21,594 shares of the software maker’s stock worth $2,276,000 after purchasing an additional 1,300 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Workday by 9.5% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,628 shares of the software maker’s stock worth $2,596,000 after purchasing an additional 2,140 shares during the period. 67.08% of the stock is owned by hedge funds and other institutional investors.

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In related news, CEO Aneel Bhusri sold 75,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $108.98, for a total transaction of $8,173,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robynne Sisco sold 2,317 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $109.32, for a total transaction of $253,294.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,542,724 shares of company stock worth $167,301,313 in the last quarter. 37.71% of the stock is currently owned by company insiders.

Workday Inc (WDAY) opened at $106.17 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Workday Inc has a 52-week low of $65.79 and a 52-week high of $111.94.

Workday (NYSE:WDAY) last posted its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The business had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS.

A number of equities analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and issued a $116.00 target price (up from $106.00) on shares of Workday in a research note on Thursday, August 31st. Cowen and Company reaffirmed a “market perform” rating and issued a $100.00 target price (up from $93.00) on shares of Workday in a research note on Thursday, August 31st. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Workday in a research note on Thursday, August 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 target price on shares of Workday in a research note on Tuesday, August 29th. Finally, KeyCorp reissued a “hold” rating on shares of Workday in a research report on Thursday, August 31st. Five investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.53.

Workday Profile

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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