Workday Inc (NASDAQ:WDAY) Shares Purchased by Financial Architects Inc

Financial Architects Inc increased its position in shares of Workday Inc (NASDAQ:WDAY) by 21.2% in the third quarter, HoldingsChannel reports. The firm owned 571 shares of the software maker’s stock after acquiring an additional 100 shares during the quarter. Financial Architects Inc’s holdings in Workday were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp lifted its holdings in Workday by 3.3% in the second quarter. Toth Financial Advisory Corp now owns 1,566 shares of the software maker’s stock valued at $322,000 after acquiring an additional 50 shares during the period. Carroll Financial Associates Inc. lifted its holdings in Workday by 47.4% in the second quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock valued at $34,000 after acquiring an additional 54 shares during the period. Ballentine Partners LLC lifted its holdings in Workday by 4.0% in the second quarter. Ballentine Partners LLC now owns 1,427 shares of the software maker’s stock valued at $294,000 after acquiring an additional 55 shares during the period. State of Alaska Department of Revenue lifted its holdings in Workday by 0.3% in the second quarter. State of Alaska Department of Revenue now owns 17,007 shares of the software maker’s stock valued at $3,496,000 after acquiring an additional 56 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Workday by 23.9% in the second quarter. AdvisorNet Financial Inc now owns 347 shares of the software maker’s stock valued at $71,000 after acquiring an additional 67 shares during the period. 66.89% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Petros Dermetzis sold 3,556 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $175.09, for a total transaction of $622,620.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Duffield sold 271 shares of the stock in a transaction dated Tuesday, October 15th. The stock was 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. In the last three months, insiders have sold 1,099,707 shares of company stock worth $189,341,183. 29.80% of the stock is owned by corporate insiders.

Shares of WDAY traded up $1.18 during trading hours on Friday, hitting $165.98. 1,441,700 shares of the stock were exchanged, compared to its average volume of 1,757,626. Workday Inc has a 12-month low of $117.72 and a 12-month high of $226.83. The stock’s 50-day moving average price is $165.88 and its two-hundred day moving average price is $191.17. The company has a market cap of $37.93 billion, a price-to-earnings ratio of -136.05 and a beta of 1.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 29th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.05). Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. The firm had revenue of $887.75 million for the quarter, compared to analyst estimates of $872.44 million. During the same period in the previous year, the company posted $0.31 EPS. Workday’s revenue was up 32.2% on a year-over-year basis. On average, research analysts expect that Workday Inc will post -1.17 earnings per share for the current year.

A number of research analysts have issued reports on the company. KeyCorp set a $235.00 price target on Workday and gave the company a “buy” rating in a report on Thursday, August 29th. Royal Bank of Canada decreased their price target on Workday from $225.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. Societe Generale raised Workday from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets decreased their price target on Workday from $230.00 to $225.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Finally, Barclays set a $175.00 price target on Workday and gave the company a “hold” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $211.36.

Workday Profile

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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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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