Workday, Inc. (NASDAQ:WDAY) Stock Holdings Lifted by Raymond James Trust N.A.

Raymond James Trust N.A. grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 8.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,399 shares of the software maker’s stock after acquiring an additional 412 shares during the period. Raymond James Trust N.A.’s holdings in Workday were worth $1,320,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WDAY. ORG Partners LLC boosted its position in shares of Workday by 3,717.9% in the 2nd quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after purchasing an additional 3,123 shares during the period. Grafton Street Partners Fund LP purchased a new stake in Workday during the third quarter valued at about $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its stake in Workday by 32.4% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after buying an additional 7,802 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Workday by 7.4% in the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after buying an additional 118,180 shares during the period. Finally, Atria Investments Inc increased its position in shares of Workday by 19.3% in the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock worth $10,833,000 after acquiring an additional 7,175 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Transactions at Workday

In related news, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares in the company, valued at $2,097,806.90. This represents a 17.41 % 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 on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $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. Over the last ninety days, insiders have sold 370,575 shares of company stock worth $91,506,897. Company insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Barclays increased their price objective on Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Evercore ISI lowered their target price on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. The Goldman Sachs Group increased their price target on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.46.

Workday Trading Down 0.1 %

NASDAQ:WDAY opened at $267.75 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $247.71 and its 200-day moving average is $236.98. The firm has a market cap of $70.95 billion, a price-to-earnings ratio of 46.65, a P/E/G ratio of 5.32 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28.

Workday (NASDAQ:WDAY) last released its 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 analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. Equities analysts anticipate that Workday, Inc. will post 2.4 EPS for the current year.

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.