Teachers Retirement System of The State of Kentucky raised its holdings in Workday Inc (NASDAQ:WDAY) by 18.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 47,875 shares of the software maker’s stock after acquiring an additional 7,398 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Workday were worth $4,871,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in shares of Workday by 272.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,050,260 shares of the software maker’s stock valued at $310,333,000 after buying an additional 2,231,255 shares during the period. First Trust Advisors LP grew its stake in shares of Workday by 241.4% during the 4th quarter. First Trust Advisors LP now owns 845,020 shares of the software maker’s stock valued at $85,972,000 after buying an additional 597,523 shares during the period. KBC Group NV grew its stake in shares of Workday by 1,239.5% during the 4th quarter. KBC Group NV now owns 301,655 shares of the software maker’s stock valued at $30,691,000 after buying an additional 279,135 shares during the period. Franklin Resources Inc. grew its stake in shares of Workday by 12.5% during the 4th quarter. Franklin Resources Inc. now owns 1,122,150 shares of the software maker’s stock valued at $114,168,000 after buying an additional 124,330 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Workday by 418.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock valued at $12,946,000 after buying an additional 99,144 shares during the period. Institutional investors own 70.01% of the company’s stock.
Several analysts have recently issued reports on the stock. TheStreet raised shares of Workday from a “d+” rating to a “c” rating in a research note on Wednesday, November 29th. Barclays boosted their price objective on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Royal Bank of Canada boosted their price objective on shares of Workday to $135.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Cowen reissued a “market perform” rating and set a $117.00 price objective (up from $107.00) on shares of Workday in a research note on Thursday, February 22nd. Finally, Macquarie raised shares of Workday from an “underperform” rating to a “neutral” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $119.22.
Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $582.48 million during the quarter, compared to analysts’ expectations of $573.41 million. Workday had a negative net margin of 14.99% and a negative return on equity of 16.31%. equities analysts forecast that Workday Inc will post -1.23 EPS for the current fiscal year.
In other news, Director Michael A. Stankey sold 12,500 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $102.10, for a total value of $1,276,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 5,061 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $110.53, for a total transaction of $559,392.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,925 shares of company stock worth $83,490,996. Company insiders own 37.71% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This news story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://stocknewstimes.com/2018/03/17/teachers-retirement-system-of-the-state-of-kentucky-has-4-87-million-holdings-in-workday-inc-wday.html.
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.
Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc (NASDAQ:WDAY).
Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.