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State Street Corp Raises Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Workday logo with Computer and Technology background

State Street Corp raised its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,842,729 shares of the software maker's stock after acquiring an additional 67,380 shares during the period. State Street Corp owned approximately 1.83% of Workday worth $1,183,611,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WDAY. Capital Performance Advisors LLP bought a new position in Workday in the 3rd quarter worth $26,000. Meeder Asset Management Inc. increased its holdings in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after acquiring an additional 43 shares in the last quarter. True Wealth Design LLC raised its stake in Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock worth $36,000 after acquiring an additional 143 shares during the period. New Millennium Group LLC lifted its holdings in Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock valued at $36,000 after purchasing an additional 94 shares in the last quarter. Finally, SouthState Corp increased its stake in shares of Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WDAY shares. StockNews.com lowered shares of Workday from a "buy" rating to a "hold" rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. JMP Securities reissued a "market outperform" rating and set a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. Loop Capital cut their target price on shares of Workday from $270.00 to $242.00 and set a "hold" rating for the company in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Workday from $265.00 to $275.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $288.14.

Check Out Our Latest Stock Analysis on WDAY

Workday Stock Performance

Shares of NASDAQ WDAY traded up $3.72 during mid-day trading on Friday, hitting $266.42. The stock had a trading volume of 3,269,670 shares, compared to its average volume of 2,806,843. The company has a 50 day moving average of $250.42 and a two-hundred day moving average of $237.55. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $70.60 billion, a PE ratio of 44.18, a PEG ratio of 4.91 and a beta of 1.34.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Research analysts predict that Workday, Inc. will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the sale, the insider now directly owns 121,100 shares in the company, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $245.36, for a total value of $13,740,160.00. Following the completion of the transaction, the insider now owns 449,000 shares in the company, valued at approximately $110,166,640. This trade represents a 11.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 361,463 shares of company stock valued at $88,422,088. Corporate insiders own 20.00% of the company's stock.

Workday Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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