Metropolitan Life Insurance Co NY boosted its stake in shares of Workday Inc (NASDAQ:WDAY) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,762 shares of the software maker’s stock after purchasing an additional 1,055 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Workday were worth $1,999,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Night Owl Capital Management LLC increased its holdings in shares of Workday by 7.7% during the 3rd quarter. Night Owl Capital Management LLC now owns 55,709 shares of the software maker’s stock worth $9,468,000 after purchasing an additional 3,985 shares during the period. Voloridge Investment Management LLC acquired a new position in Workday in the 3rd quarter valued at approximately $6,088,000. Worldquant Millennium Advisors LLC lifted its position in shares of Workday by 165.1% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 88,703 shares of the software maker’s stock worth $15,075,000 after acquiring an additional 55,237 shares during the period. National Pension Service lifted its position in shares of Workday by 5.2% in the 3rd quarter. National Pension Service now owns 198,909 shares of the software maker’s stock worth $33,807,000 after acquiring an additional 9,791 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Workday by 1.3% in the 3rd quarter. California State Teachers Retirement System now owns 265,886 shares of the software maker’s stock worth $45,190,000 after acquiring an additional 3,493 shares during the period. Hedge funds and other institutional investors own 67.09% of the company’s stock.
Shares of Workday stock opened at $173.50 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $40.84 billion, a price-to-earnings ratio of -142.21 and a beta of 1.54. Workday Inc has a 1-year low of $141.70 and a 1-year high of $226.83. The firm’s 50-day moving average price is $165.95 and its two-hundred day moving average price is $188.61.
A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Workday from $210.00 to $180.00 in a research report on Wednesday, October 16th. Jefferies Financial Group reduced their target price on Workday from $194.00 to $188.00 and set a “hold” rating for the company in a research report on Tuesday, October 8th. Wedbush decreased their price target on shares of Workday from $195.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley lowered shares of Workday from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 27th. Finally, JMP Securities set a $225.00 price objective on shares of Workday and gave the company a “buy” rating in a research note on Friday, August 30th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $209.39.
In related news, CFO Robynne Sisco sold 10,238 shares of Workday stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $182.42, for a total value of $1,867,615.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Duffield sold 271 shares of Workday stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $184.71, for a total value of $50,056.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 509,292 shares of company stock worth $86,126,565. 29.80% of the stock is owned by corporate insiders.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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