25,500 Shares of Workday, Inc. $WDAY Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the third quarter, HoldingsChannel.com reports. The fund purchased 25,500 shares of the software maker’s stock, valued at approximately $4,857,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WDAY. Lead Edge Capital Management LLC acquired a new stake in shares of Workday in the 1st quarter worth $79,988,000. Renaissance Technologies LLC purchased a new stake in Workday in the first quarter valued at about $75,600,000. Pacer Advisors Inc. raised its stake in Workday by 60.4% in the first quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker’s stock valued at $159,418,000 after buying an additional 462,002 shares during the last quarter. Carmignac Gestion acquired a new stake in Workday in the first quarter worth about $59,438,000. Finally, Tidal Investments LLC boosted its holdings in Workday by 43.6% in the second quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker’s stock worth $176,218,000 after acquiring an additional 437,175 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the topic of a number of research analyst reports. KeyCorp lowered Workday from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 15th. Citigroup reiterated a “neutral” rating and issued a $201.00 target price (up from $139.00) on shares of Workday in a research note on Tuesday, October 6th. Royal Bank Of Canada boosted their target price on shares of Workday from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. BMO Capital Markets restated an “outperform” rating and set a $230.00 price target (up from $182.00) on shares of Workday in a research note on Thursday, October 15th. Finally, Canaccord Genuity Group raised their price target on shares of Workday from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Twenty-two analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $202.10.

Insider Transactions at Workday

In other Workday news, major shareholder David Duffield sold 100,780 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total value of $18,708,799.20. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $19,501,296.36. This represents a 48.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 988,104 shares of company stock worth $188,811,574 in the last three months. Insiders own 18.64% of the company’s stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $197.82 on Monday. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $241.32. The business’s 50 day moving average price is $194.07 and its 200 day moving average price is $156.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market cap of $47.67 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.99 and a beta of 1.02.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.61 by $0.14. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 EPS. On average, sell-side analysts expect that Workday, Inc. will post 5.32 earnings per share for the current year.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.