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

New York State Common Retirement Fund raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 0.2% in the 4th quarter, Holdings Channel reports. The firm owned 255,126 shares of the software maker’s stock after acquiring an additional 577 shares during the period. New York State Common Retirement Fund’s holdings in Workday were worth $65,830,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP increased its holdings in shares of Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after buying an additional 562,400 shares in the last quarter. KBC Group NV increased its holdings in shares of Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after buying an additional 506,812 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after buying an additional 480,459 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Workday by 2,166.1% during the fourth quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock worth $104,044,000 after buying an additional 385,430 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Workday during the third quarter worth $78,003,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

WDAY stock opened at $261.10 on Thursday. The stock has a market capitalization of $69.45 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 3.51 and a beta of 1.35. The company’s 50-day moving average is $261.36 and its 200-day moving average is $252.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last released 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 net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue was up 15.8% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now owns 60,000 shares in the company, valued at $14,785,200. This represents a 48.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares in the company, valued at $3,546,931.92. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 in the last quarter. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Workday from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Mizuho upped their price target on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $330.00 to $275.00 in a research note on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $291.11.

Workday 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.