Teacher Retirement System of Texas Has $9.62 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Teacher Retirement System of Texas lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 228.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,207 shares of the software maker's stock after acquiring an additional 28,644 shares during the quarter. Teacher Retirement System of Texas' holdings in Workday were worth $9,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Simplicity Wealth LLC lifted its position in shares of Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after purchasing an additional 37 shares in the last quarter. AllSquare Wealth Management LLC lifted its holdings in Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after buying an additional 41 shares in the last quarter. Private Trust Co. NA boosted its position in Workday by 15.2% in the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock valued at $74,000 after buying an additional 42 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after acquiring an additional 43 shares in the last quarter. Finally, Salvus Wealth Management LLC grew its stake in shares of Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock valued at $387,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on WDAY shares. Wall Street Zen cut Workday from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup lowered Workday from a "neutral" rating to a "mixed" rating in a research report on Friday, May 16th. Oppenheimer reduced their target price on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Scotiabank reduced their target price on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. Finally, Westpark Capital increased their target price on Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $297.68.

Workday Stock Performance

Workday stock traded down $0.55 during mid-day trading on Monday, hitting $241.21. 2,278,937 shares of the company's stock traded hands, compared to its average volume of 2,465,313. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a market cap of $64.40 billion, a PE ratio of 133.27, a price-to-earnings-growth ratio of 3.65 and a beta of 1.21. The firm has a 50 day moving average price of $249.27 and a 200 day moving average price of $249.42. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The business's revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share. On average, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the transaction, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. The trade was a 80.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the transaction, the director owned 67,500 shares of the company's stock, valued at approximately $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 331,775 shares of company stock valued at $77,836,828. 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.