Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Workday Inc (NASDAQ:WDAY) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,679 shares of the software maker’s stock after selling 3,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Workday were worth $9,802,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Northstar Investment Advisors LLC purchased a new stake in Workday in the second quarter valued at approximately $3,327,000. NEXT Financial Group Inc raised its position in Workday by 1,978.8% in the second quarter. NEXT Financial Group Inc now owns 686 shares of the software maker’s stock valued at $141,000 after purchasing an additional 653 shares during the period. CWM Advisors LLC raised its position in Workday by 11.0% in the second quarter. CWM Advisors LLC now owns 3,652 shares of the software maker’s stock valued at $751,000 after purchasing an additional 362 shares during the period. Glaxis Capital Management LLC purchased a new stake in Workday in the second quarter valued at approximately $1,137,000. Finally, IFM Investors Pty Ltd raised its position in Workday by 15.1% in the second quarter. IFM Investors Pty Ltd now owns 10,638 shares of the software maker’s stock valued at $2,187,000 after purchasing an additional 1,397 shares during the period. Institutional investors and hedge funds own 65.92% of the company’s stock.

In other news, Director David A. Duffield sold 1,054 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $205.21, for a total transaction of $216,291.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Duffield sold 281 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $219.67, for a total transaction of $61,727.27. The disclosure for this sale can be found here. Insiders have sold 757,346 shares of company stock valued at $154,821,963 in the last quarter. Insiders own 29.80% of the company’s stock.

WDAY has been the topic of a number of research analyst reports. Deutsche Bank boosted their target price on Workday from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. lowered Sampo Oyj from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 29th. KeyCorp reaffirmed a “buy” rating and set a $235.00 price objective on shares of Workday in a research report on Wednesday, May 22nd. Wedbush upped their price objective on Workday from $209.00 to $211.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 29th. Finally, BidaskClub lowered Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $206.32.

Shares of WDAY traded up $0.88 during mid-day trading on Friday, hitting $215.89. 911,441 shares of the company’s stock were exchanged, compared to its average volume of 1,334,216. Workday Inc has a fifty-two week low of $117.72 and a fifty-two week high of $226.83. The company has a 50 day simple moving average of $213.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, May 28th. The software maker reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.03). Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. The business had revenue of $825.10 million for the quarter, compared to analyst estimates of $814.21 million. During the same quarter last year, the company posted $0.33 EPS. Workday’s quarterly revenue was up 33.2% on a year-over-year basis. Equities research analysts forecast that Workday Inc will post -1.06 EPS for the current year.

Workday Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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