Mizuho Securities USA LLC acquired a new stake in shares of Workday, Inc. (NYSE:WDAY) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,600 shares of the software maker’s stock, valued at approximately $446,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Workday by 6.4% in the first quarter. Vanguard Group Inc. now owns 9,936,052 shares of the software maker’s stock valued at $827,474,000 after buying an additional 593,839 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Workday by 2,792.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 391,700 shares of the software maker’s stock valued at $32,621,000 after buying an additional 378,160 shares in the last quarter. State Street Corp increased its position in Workday by 10.6% in the first quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock valued at $190,552,000 after buying an additional 219,326 shares in the last quarter. Russell Investments Group Ltd. increased its position in Workday by 45.2% in the first quarter. Russell Investments Group Ltd. now owns 629,077 shares of the software maker’s stock valued at $52,398,000 after buying an additional 195,796 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Workday by 355.9% in the first quarter. Teacher Retirement System of Texas now owns 179,780 shares of the software maker’s stock valued at $14,972,000 after buying an additional 140,347 shares in the last quarter.

Shares of Workday, Inc. (NYSE WDAY) traded down 3.985% during midday trading on Wednesday, hitting $99.385. The stock had a trading volume of 926,321 shares. Workday, Inc. has a one year low of $65.79 and a one year high of $106.75. The stock has a 50 day moving average of $100.70 and a 200-day moving average of $91.11. The company’s market cap is $20.57 billion.

Workday (NYSE:WDAY) last released its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.13. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The business had revenue of $479.90 million for the quarter, compared to analysts’ expectations of $468.07 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up 38.0% compared to the same quarter last year. Analysts forecast that Workday, Inc. will post $0.65 EPS for the current fiscal year.

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WDAY has been the subject of several recent research reports. Vetr raised Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective for the company in a research note on Monday, May 1st. William Blair increased their price objective on Workday to $40.00 and gave the company an “outperform” rating in a research note on Friday, April 14th. Credit Suisse Group initiated coverage on Workday in a research note on Thursday, April 27th. They issued a “neutral” rating and a $91.00 price objective for the company. Benchmark Co. initiated coverage on Workday in a research note on Thursday, April 27th. They issued a “hold” rating for the company. Finally, Canaccord Genuity reissued a “buy” rating and issued a $115.00 price objective on shares of Workday in a research note on Friday, July 7th. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $92.37.

In related news, SVP James P. Shaughnessy sold 8,760 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $103.62, for a total value of $907,711.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 1,405 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $94.40, for a total value of $132,632.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,284,581 shares of company stock worth $127,908,387. Insiders own 37.71% of the company’s stock.

Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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