Workday, Inc. (NASDAQ:WDAY) Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,866 shares of the software maker's stock after acquiring an additional 1,997 shares during the period. California State Teachers Retirement System owned about 0.12% of Workday worth $84,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in WDAY. Bristlecone Advisors LLC boosted its holdings in shares of Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock valued at $754,000 after purchasing an additional 968 shares during the last quarter. Nordea Investment Management AB boosted its stake in Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after buying an additional 119,769 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new position in Workday during the 4th quarter valued at approximately $369,000. Principal Financial Group Inc. increased its stake in Workday by 45.0% in the 3rd quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker's stock worth $4,349,000 after acquiring an additional 5,519 shares during the last quarter. Finally, Smith Group Asset Management LLC increased its stake in Workday by 9.4% in the 4th quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker's stock worth $28,129,000 after acquiring an additional 9,324 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Up 0.7 %

Shares of WDAY traded up $1.61 during midday trading on Thursday, hitting $246.61. 1,522,123 shares of the company's stock traded hands, compared to its average volume of 2,607,125. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $65.60 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The firm's fifty day moving average is $239.72 and its 200-day moving average is $251.78.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for 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%. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at $7,789,921.75. This represents a 1.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 321,724 shares of company stock worth $77,976,126. 20.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WDAY shares. Redburn Atlantic initiated coverage on shares of Workday in a report on Wednesday, February 19th. They issued a "neutral" rating for the company. The Goldman Sachs Group boosted their target price on shares of Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. UBS Group increased their price target on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. KeyCorp boosted their price objective on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley dropped their target price on Workday from $275.00 to $250.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.86.

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.