BB&T Securities LLC Increases Stock Holdings in Workday Inc (NASDAQ:WDAY)

BB&T Securities LLC lifted its holdings in shares of Workday Inc (NASDAQ:WDAY) by 92.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,430 shares of the software maker’s stock after acquiring an additional 2,604 shares during the quarter. BB&T Securities LLC’s holdings in Workday were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in WDAY. Spirit of America Management Corp NY raised its holdings in Workday by 5.1% in the third quarter. Spirit of America Management Corp NY now owns 10,930 shares of the software maker’s stock worth $1,858,000 after purchasing an additional 530 shares in the last quarter. CWM Advisors LLC raised its holdings in Workday by 11.0% in the second quarter. CWM Advisors LLC now owns 3,652 shares of the software maker’s stock worth $751,000 after purchasing an additional 362 shares in the last quarter. Comerica Bank raised its holdings in Workday by 12.1% in the second quarter. Comerica Bank now owns 5,530 shares of the software maker’s stock worth $1,206,000 after purchasing an additional 595 shares in the last quarter. Advisory Services Network LLC raised its holdings in Workday by 652.0% in the second quarter. Advisory Services Network LLC now owns 564 shares of the software maker’s stock worth $116,000 after purchasing an additional 489 shares in the last quarter. Finally, Aviva PLC raised its holdings in Workday by 6.8% in the second quarter. Aviva PLC now owns 58,600 shares of the software maker’s stock worth $12,047,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors own 67.09% of the company’s stock.

In other Workday news, Director David A. Duffield sold 300,785 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.27, for a total value of $50,011,521.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $175.27, for a total value of $52,581,000.00. The disclosure for this sale can be found here. Insiders have sold 1,099,707 shares of company stock worth $189,341,183 over the last ninety days. 29.80% of the stock is currently owned by insiders.

Shares of Workday stock traded down $7.19 during trading on Monday, hitting $171.93. 2,168,402 shares of the company’s stock traded hands, compared to its average volume of 1,867,124. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Workday Inc has a 1 year low of $141.70 and a 1 year high of $226.83. The stock has a market capitalization of $40.84 billion, a P/E ratio of -140.93 and a beta of 1.54. The business has a 50-day simple moving average of $166.09 and a 200-day simple moving average of $188.77.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.05). Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The business had revenue of $887.75 million for the quarter, compared to analysts’ expectations of $872.44 million. During the same period last year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 32.2% on a year-over-year basis. On average, equities analysts predict that Workday Inc will post -1.17 earnings per share for the current fiscal year.

WDAY has been the subject of a number of research reports. Northland Securities set a $225.00 price objective on Workday and gave the stock a “hold” rating in a report on Friday, August 30th. Wedbush reiterated a “hold” rating and issued a $195.00 price objective on shares of Workday in a report on Tuesday, November 26th. Monness Crespi & Hardt set a $262.00 price objective on Workday and gave the stock a “buy” rating in a report on Friday, August 30th. Societe Generale upgraded Workday from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Compass Point initiated coverage on Workday in a research note on Tuesday, August 13th. They issued a “buy” rating and a $238.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Workday has a consensus rating of “Hold” and an average price target of $212.19.

Workday Company 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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