California Public Employees Retirement System Has $16.70 Million Stake in Workday, Inc. (WDAY)

California Public Employees Retirement System lowered its stake in Workday, Inc. (NYSE:WDAY) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 200,500 shares of the software maker’s stock after selling 8,700 shares during the period. California Public Employees Retirement System owned about 0.10% of Workday worth $16,698,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WDAY. State Street Corp boosted its stake in shares of Workday by 1.3% in the fourth quarter. State Street Corp now owns 2,068,704 shares of the software maker’s stock valued at $136,714,000 after buying an additional 26,016 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Workday by 3.6% in the first quarter. Blair William & Co. IL now owns 915,982 shares of the software maker’s stock valued at $76,075,000 after buying an additional 32,201 shares during the last quarter. Norges Bank purchased a new stake in shares of Workday during the fourth quarter valued at approximately $48,885,000. Russell Investments Group Ltd. boosted its stake in shares of Workday by 45.2% in the first quarter. Russell Investments Group Ltd. now owns 629,077 shares of the software maker’s stock valued at $52,398,000 after buying an additional 195,796 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Workday by 32.0% in the first quarter. Swiss National Bank now owns 432,300 shares of the software maker’s stock valued at $36,002,000 after buying an additional 104,900 shares during the last quarter.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

Shares of Workday, Inc. (NYSE:WDAY) traded up 0.12% during midday trading on Friday, reaching $98.39. 1,508,102 shares of the company were exchanged. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $104.53. The company’s market capitalization is $20.37 billion. The stock has a 50-day moving average price of $96.28 and a 200 day moving average price of $84.55.

Workday (NYSE:WDAY) last issued its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The firm had revenue of $479.90 million for the quarter, compared to analyst estimates of $468.07 million. During the same period in the previous year, the business earned $0.05 EPS. The company’s revenue was up 38.0% compared to the same quarter last year. Equities research analysts expect that Workday, Inc. will post $0.65 EPS for the current fiscal year.

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Several equities research analysts recently commented on WDAY shares. OTR Global raised Workday to a “positive” rating in a report on Friday, February 24th. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 target price on shares of Workday in a report on Thursday, February 23rd. Evercore ISI cut Workday from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Vetr raised Workday from a “hold” rating to a “buy” rating and set a $93.50 target price on the stock in a report on Monday, May 1st. Finally, Canaccord Genuity boosted their target price on Workday from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and thirteen have assigned a buy rating to the stock. Workday has a consensus rating of “Hold” and a consensus target price of $91.03.

In other Workday news, Director Michael M. Mcnamara sold 13,500 shares of Workday stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $81.28, for a total value of $1,097,280.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aneel Bhusri sold 13,252 shares of Workday stock in a transaction on Monday, April 17th. The shares were sold at an average price of $83.15, for a total transaction of $1,101,903.80. The disclosure for this sale can be found here. Insiders sold a total of 1,204,369 shares of company stock worth $109,904,686 over the last quarter. Company insiders own 41.78% of the company’s stock.

Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

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