Workday, Inc. (NASDAQ:WDAY) Stock Holdings Reduced by Teachers Retirement System of The State of Kentucky (2024)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,422 shares of the software maker's stock after selling 4,761 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Workday were worth $22,477,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its stake in shares of Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker's stock worth $25,000 after buying an additional 70 shares during the last quarter. VisionPoint Advisory Group LLC boosted its stake in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker's stock worth $26,000 after buying an additional 84 shares during the last quarter. Clear Street Markets LLC purchased a new position in shares of Workday in the 3rd quarter worth $29,000. Exchange Traded Concepts LLC boosted its stake in shares of Workday by 1,750.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker's stock worth $31,000 after buying an additional 105 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of Workday in the 4th quarter worth $33,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Workday from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 8th. BMO Capital Markets decreased their price objective on Workday from $338.00 to $300.00 and set an "outperform" rating on the stock in a research note on Friday, May 24th. Piper Sandler lowered their price objective on Workday from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, May 24th. JPMorgan Chase & Co. reduced their target price on shares of Workday from $300.00 to $285.00 and set an "overweight" rating for the company in a report on Friday, May 24th. Finally, Oppenheimer lowered their price target on shares of Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $283.96.

View Our Latest Analysis on Workday

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the completion of the transaction, the insider now directly owns 1,011,000 shares of the company's stock, valued at $279,996,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 82,762 shares of the business's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $21,658,209.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the sale, the insider now directly owns 1,011,000 shares of the company's stock, valued at $279,996,450. The disclosure for this sale can be found here. Insiders sold 448,713 shares of company stock valued at $116,129,963 over the last three months. 20.00% of the stock is owned by company insiders.

Workday Price Performance

WDAY traded up $2.40 during trading hours on Friday, hitting $209.48. The company's stock had a trading volume of 1,641,813 shares, compared to its average volume of 3,831,455. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $241.69 and its 200-day moving average price is $266.94. The stock has a market cap of $55.51 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 6.21 and a beta of 1.33. Workday, Inc. has a 12 month low of $202.01 and a 12 month high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.31 by $0.20. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. Workday had a net margin of 19.66% and a return on equity of 5.78%. Workday's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. Sell-side analysts expect that Workday, Inc. will post 1.78 earnings per share for the current fiscal year.

About Workday

(Free Report)

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.

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