Workday, Inc. (NASDAQ:WDAY) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,782 shares of the software maker's stock after purchasing an additional 13,431 shares during the period. PNC Financial Services Group Inc.'s holdings in Workday were worth $21,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WDAY. Raymond James Financial Inc. acquired a new position in Workday during the fourth quarter valued at $194,679,000. Two Sigma Advisers LP lifted its position in Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock valued at $150,019,000 after purchasing an additional 562,400 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Workday by 62.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker's stock valued at $350,921,000 after purchasing an additional 524,799 shares during the period. KBC Group NV lifted its position in Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker's stock valued at $169,199,000 after purchasing an additional 506,812 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock valued at $1,218,415,000 after purchasing an additional 480,459 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WDAY shares. Barclays decreased their target price on shares of Workday from $314.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday, November 27th. BNP Paribas upgraded shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. Scotiabank upped their price objective on shares of Workday from $340.00 to $355.00 and gave the stock a "sector outperform" rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, KeyCorp upped their price objective on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $302.14.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 472 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the completion of the transaction, the insider now owns 284,000 shares in the company, valued at approximately $78,188,040. This represents a 16.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,829 shares of company stock worth $113,033,319. 20.00% of the stock is currently owned by insiders.

Workday Trading Down 0.0 %

NASDAQ:WDAY traded down $0.07 on Tuesday, hitting $242.93. The stock had a trading volume of 2,838,178 shares, compared to its average volume of 2,423,337. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $64.62 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 3.55 and a beta of 1.38. The company has a fifty day moving average price of $258.01 and a two-hundred day moving average price of $256.02. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

About Workday

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.