Aperio Group LLC Has $2.07 Million Position in Workday Inc (WDAY)

Aperio Group LLC increased its holdings in Workday Inc (NYSE:WDAY) by 21.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,632 shares of the software maker’s stock after purchasing an additional 3,492 shares during the quarter. Aperio Group LLC’s holdings in Workday were worth $2,069,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WDAY. Renaissance Technologies LLC bought a new stake in shares of Workday in the second quarter worth $117,209,000. Janus Henderson Group PLC grew its stake in shares of Workday by 6,210.6% in the second quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock worth $100,701,000 after purchasing an additional 1,021,702 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Workday by 8.5% in the second quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock worth $1,045,937,000 after purchasing an additional 846,809 shares during the last quarter. Balyasny Asset Management LLC grew its stake in shares of Workday by 492.8% in the second quarter. Balyasny Asset Management LLC now owns 383,164 shares of the software maker’s stock worth $37,167,000 after purchasing an additional 318,523 shares during the last quarter. Finally, AO Asset Management LLC bought a new stake in shares of Workday in the second quarter worth $26,306,000. 67.08% of the stock is currently owned by institutional investors.

Workday Inc (NYSE WDAY) opened at $106.17 on Tuesday. Workday Inc has a 52-week low of $65.79 and a 52-week high of $111.94. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.54.

Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The firm had revenue of $525.30 million during the quarter, compared to the consensus estimate of $507.44 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company’s revenue was up 40.6% compared to the same quarter last year.

In related news, Director David A. Duffield sold 461,232 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $108.44, for a total value of $50,015,998.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Duffield sold 457,386 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $109.35, for a total transaction of $50,015,159.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,542,724 shares of company stock valued at $167,301,313 over the last three months. Insiders own 37.71% of the company’s stock.

A number of analysts have commented on WDAY shares. Canaccord Genuity reaffirmed a “buy” rating and set a $125.00 price target on shares of Workday in a research report on Friday, October 6th. FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $115.00 to $125.00 in a research report on Wednesday, October 11th. Cowen and Company reaffirmed a “market perform” rating and set a $100.00 price target on shares of Workday in a research report on Saturday, October 14th. Guggenheim started coverage on shares of Workday in a research report on Monday, October 30th. They set a “neutral” rating and a $105.00 price target on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Workday in a research report on Friday, October 6th. Five analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $99.53.

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About Workday

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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Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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