Zions Bancorporation N.A. Has $5.14 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Zions Bancorporation N.A. lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 33.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,917 shares of the software maker's stock after acquiring an additional 4,937 shares during the quarter. Zions Bancorporation N.A.'s holdings in Workday were worth $5,139,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares in the last quarter. Parnassus Investments LLC increased its position in Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after purchasing an additional 2,078,097 shares during the period. Raymond James Financial Inc. bought a new stake in Workday during the 4th quarter worth about $194,679,000. Two Sigma Advisers LP lifted its position in Workday by 1,094.2% during the 3rd 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Workday by 62.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker's stock worth $350,921,000 after buying an additional 524,799 shares during the period. Institutional investors own 89.81% of the company's stock.

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Analyst Upgrades and Downgrades

WDAY has been the topic of several recent research reports. Morgan Stanley lowered Workday from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $330.00 to $275.00 in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upped their price target on Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. JMP Securities reissued a "market outperform" rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, February 6th. KeyCorp increased their target price on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Scotiabank decreased their price target on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus target price of $300.36.

Workday Stock Down 2.5 %

Shares of Workday stock traded down $6.06 on Friday, reaching $238.49. 1,888,639 shares of the company were exchanged, compared to its average volume of 2,522,044. The company has a 50-day moving average of $256.67 and a 200 day moving average of $254.82. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a market capitalization of $63.44 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.55 and a beta of 1.38. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

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

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 71,672 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at $25,602,994.26. This represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the completion of the transaction, the director now directly owns 75,000 shares of the company's stock, valued at $18,099,750. This represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 487,145 shares of company stock worth $123,289,438. Company insiders own 20.00% of the company's stock.

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.