Today, 738 Shares of Workday Inc. (WDAY) are sold by Public Employees Retirement Association of Colorado

Today, 738 Shares of Workday Inc. (WDAY) are sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in shares of Workday Inc. (NYSE:WDAY) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,637 shares of the company’s stock after selling 738 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Workday were worth $2,259,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WDAY. Mn Services Vermogensbeheer B.V. increased its stake in shares of Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock valued at $190,000 after buying an additional 78 shares in the last quarter. US Bancorp DE increased its stake in shares of Workday by 0.5% in the second quarter. US Bancorp DE now owns 27,125 shares of the company’s stock valued at $2,026,000 after buying an additional 123 shares in the last quarter. American International Group Inc. increased its stake in shares of Workday by 3.7% in the second quarter. American International Group Inc. now owns 3,466 shares of the company’s stock valued at $259,000 after buying an additional 125 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Workday by 2.1% in the second quarter. CIBC Asset Management Inc now owns 8,332 shares of the company’s stock valued at $622,000 after buying an additional 172 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its stake in shares of Workday by 3.7% in the second quarter. Appleton Partners Inc. MA now owns 7,689 shares of the company’s stock valued at $574,000 after buying an additional 272 shares in the last quarter. 62.81% of the stock is currently owned by institutional investors.

Workday Inc. (NYSE:WDAY) traded up 0.61% during midday trading on Friday, hitting $83.64. The company had a trading volume of 513,294 shares. Workday Inc. has a 52-week low of $47.32 and a 52-week high of $93.35. The stock has a 50 day moving average of $85.38 and a 200 day moving average of $82.24. The firm’s market cap is $16.73 billion.

Workday (NYSE:WDAY) last released its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02. The company had revenue of $377.70 million for the quarter, compared to analysts’ expectations of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The business’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. On average, analysts anticipate that Workday Inc. will post ($0.03) EPS for the current year.

A number of equities research analysts recently commented on WDAY shares. DA Davidson reaffirmed a “buy” rating and set a $107.00 target price on shares of Workday in a report on Friday. Stephens decreased their target price on Workday from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, August 25th. First Analysis downgraded Workday from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $87.00 to $88.00 in a report on Thursday, August 25th. Canaccord Genuity lifted their target price on Workday from $85.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $78.00 target price on shares of Workday in a report on Saturday, August 13th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $86.28.

In other Workday news, CEO Aneel Bhusri sold 10,317 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $86.35, for a total transaction of $890,872.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robynne Sisco sold 1,325 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $86.46, for a total value of $114,559.50. The disclosure for this sale can be found here. Company insiders own 41.78% 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. It operates in the cloud applications segment.

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