Cerity Partners LLC Acquires 5,189 Shares of Workday, Inc. (NASDAQ:WDAY)

Cerity Partners LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,595 shares of the software maker’s stock after purchasing an additional 5,189 shares during the period. Cerity Partners LLC’s holdings in Workday were worth $19,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WDAY. Shell Asset Management Co. acquired a new stake in Workday during the first quarter worth approximately $323,000. Canada Pension Plan Investment Board grew its holdings in shares of Workday by 171.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 73,268 shares of the software maker’s stock worth $19,984,000 after purchasing an additional 46,231 shares in the last quarter. BOKF NA grew its holdings in shares of Workday by 946.2% during the 1st quarter. BOKF NA now owns 2,448 shares of the software maker’s stock worth $667,000 after purchasing an additional 2,214 shares in the last quarter. Ascent Group LLC increased its position in shares of Workday by 3.1% in the first quarter. Ascent Group LLC now owns 3,367 shares of the software maker’s stock worth $918,000 after purchasing an additional 101 shares during the period. Finally, Caxton Associates LP acquired a new position in Workday in the first quarter valued at about $1,364,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 0.1 %

NASDAQ:WDAY opened at $267.75 on Monday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s fifty day moving average is $247.71 and its 200-day moving average is $236.89. The firm has a market cap of $70.95 billion, a P/E ratio of 46.65, a P/E/G ratio of 5.31 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. Equities analysts expect that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Activity at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at $22,990,500. This represents a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 39.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 359,954 shares of company stock worth $88,742,132 in the last 90 days. Corporate insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Bank of America lifted their price objective on shares of Workday from $265.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Evercore ISI cut their target price on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. DA Davidson lifted their price target on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average price target of $289.46.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.