Raymond James & Associates Has $124.53 Million Position in Workday, Inc. (NASDAQ:WDAY)

Raymond James & Associates lifted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 509,513 shares of the software maker's stock after purchasing an additional 46,651 shares during the period. Raymond James & Associates owned about 0.19% of Workday worth $124,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker's stock valued at $4,029,244,000 after acquiring an additional 324,540 shares during the period. Sustainable Growth Advisers LP raised its position in Workday by 9.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker's stock worth $927,998,000 after buying an additional 301,463 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Workday by 12.4% in the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker's stock valued at $693,382,000 after acquiring an additional 281,207 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Workday by 79.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker's stock worth $514,637,000 after acquiring an additional 1,016,394 shares during the period. Finally, Legal & General Group Plc lifted its position in Workday by 7.4% in the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock valued at $384,518,000 after purchasing an additional 118,180 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 0.3 %

NASDAQ WDAY traded down $0.73 during trading hours on Monday, hitting $243.75. The company had a trading volume of 898,009 shares, compared to its average volume of 2,142,705. The firm's 50 day moving average is $245.87 and its 200 day moving average is $237.61. The company has a market capitalization of $64.59 billion, a price-to-earnings ratio of 43.92, a P/E/G ratio of 4.85 and a beta of 1.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $0.40 EPS. The business's revenue was up 16.5% on a year-over-year basis. Sell-side analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. DA Davidson raised their price target on Workday from $255.00 to $270.00 and gave the company a "neutral" rating in a report on Friday, August 23rd. JMP Securities reaffirmed a "market outperform" rating and set a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. BMO Capital Markets reiterated an "outperform" rating and issued a $300.00 price objective on shares of Workday in a research note on Wednesday, September 18th. Barclays increased their target price on shares of Workday from $286.00 to $289.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $300.00 price target on shares of Workday in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus price target of $287.04.

Insider Activity at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now directly owns 8,674 shares of the company's stock, valued at approximately $2,097,806.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the transaction, the director now owns 97,500 shares in the company, valued at $25,381,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the transaction, the director now directly owns 8,674 shares of the company's stock, valued at $2,097,806.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock valued at $91,506,897 over the last three months. 20.00% of the stock is owned by insiders.

Workday Company 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.