Cetera Investment Advisers Has $11.41 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Cetera Investment Advisers grew its position in Workday, Inc. (NASDAQ:WDAY) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,043 shares of the software maker’s stock after purchasing an additional 1,911 shares during the quarter. Cetera Investment Advisers’ holdings in Workday were worth $11,411,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC raised its holdings in Workday by 17.6% during the 1st quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock worth $8,849,000 after purchasing an additional 4,865 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Workday by 3,717.9% in the 2nd quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after buying an additional 3,123 shares during the last quarter. Bornite Capital Management LP acquired a new stake in shares of Workday in the 4th quarter valued at approximately $34,508,000. Nordea Investment Management AB boosted its holdings in shares of Workday by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock valued at $128,851,000 after buying an additional 13,502 shares during the last quarter. Finally, Bain Capital Public Equity LP raised its stake in Workday by 32.5% in the 4th quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock valued at $6,203,000 after acquiring an additional 5,513 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $26,902,816.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 76,376 shares of Workday stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $226.74, for a total value of $17,317,494.24. Following the transaction, the insider now owns 102,997 shares in the company, valued at $23,353,539.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 389,123 shares of company stock valued at $94,376,699. 20.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Wells Fargo & Company lifted their price target on Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a $300.00 price objective on shares of Workday in a research note on Friday, September 13th. Citigroup reduced their price objective on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Finally, DA Davidson increased their price objective on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $242.35 on Friday. The firm’s 50 day moving average price is $240.30 and its 200-day moving average price is $240.31. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $64.22 billion, a PE ratio of 43.67, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the firm posted $0.40 EPS. The company’s revenue was up 16.5% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post 2.4 EPS for the current year.

Workday 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.