New York State Common Retirement Fund Has $65.83 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

New York State Common Retirement Fund increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 255,126 shares of the software maker’s stock after buying an additional 577 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Workday worth $65,830,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Two Sigma Advisers LP raised its stake in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after purchasing an additional 562,400 shares during the period. KBC Group NV raised its stake in shares of Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after purchasing an additional 506,812 shares during the period. Janus Henderson Group PLC raised its stake in shares of Workday by 10.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after purchasing an additional 480,459 shares during the period. Principal Financial Group Inc. raised its stake in shares of Workday by 2,166.1% in the 4th quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock valued at $104,044,000 after purchasing an additional 385,430 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Workday in the 3rd quarter valued at about $78,003,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other news, Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now directly owns 6,845 shares in the company, valued at approximately $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 438,819 shares of company stock worth $113,142,592. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on WDAY. Morgan Stanley downgraded Workday from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $330.00 to $275.00 in a research note on Wednesday. Wells Fargo & Company lifted their price target on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Loop Capital lifted their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday. Citigroup lowered their target price on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and lifted their target price for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.11.

Workday Trading Down 1.7 %

Shares of NASDAQ:WDAY opened at $261.10 on Thursday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The stock has a market cap of $69.45 billion, a PE ratio of 43.30, a P/E/G ratio of 3.51 and a beta of 1.35. The business has a 50 day moving average of $261.36 and a 200-day moving average of $252.47. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share 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.