New York State Common Retirement Fund Has $58.27 Million Stake in Workday, Inc. (NASDAQ:WDAY)

New York State Common Retirement Fund decreased its position in Workday, Inc. (NASDAQ:WDAY) by 2.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 249,500 shares of the software maker’s stock after selling 5,626 shares during the period. New York State Common Retirement Fund’s holdings in Workday were worth $58,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. AllSquare Wealth Management LLC boosted its stake in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after buying an additional 41 shares during the period. Private Trust Co. NA boosted its stake in shares of Workday by 15.2% in the first quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after buying an additional 42 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after buying an additional 43 shares during the period. Salvus Wealth Management LLC boosted its stake in shares of Workday by 2.8% in the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock valued at $387,000 after buying an additional 45 shares during the period. Finally, Ashton Thomas Securities LLC boosted its stake in shares of Workday by 3.2% in the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock valued at $385,000 after buying an additional 46 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 2.6%

Shares of WDAY opened at $223.37 on Monday. The stock has a market capitalization of $59.64 billion, a price-to-earnings ratio of 123.41, a PEG ratio of 3.38 and a beta of 1.21. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The stock has a fifty day moving average of $248.29 and a 200-day moving average of $248.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 8.00% and a net margin of 5.60%. Workday’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 72,551 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.61, for a total value of $17,383,945.11. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at $24,679,111.17. This represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total value of $1,863,075.00. Following the completion of the sale, the director owned 67,500 shares of the company’s stock, valued at $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,554 shares of company stock valued at $79,097,601. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Workday from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a research note on Sunday. Morgan Stanley set a $255.00 target price on Workday and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Westpark Capital upped their target price on Workday from $315.00 to $328.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Finally, Citigroup cut Workday from a “neutral” rating to a “mixed” rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.88.

Workday Company Profile

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.