State of Alaska Department of Revenue lowered its position in Workday, Inc. (NYSE:WDAY) by 10.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,349 shares of the software maker’s stock after selling 150 shares during the period. State of Alaska Department of Revenue’s holdings in Workday were worth $130,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of WDAY. Wedbush Securities Inc. boosted its position in Workday by 0.8% in the first quarter. Wedbush Securities Inc. now owns 5,573 shares of the software maker’s stock worth $464,000 after buying an additional 44 shares during the period. Fisher Asset Management LLC boosted its position in Workday by 0.5% in the second quarter. Fisher Asset Management LLC now owns 8,620 shares of the software maker’s stock worth $836,000 after buying an additional 45 shares during the period. Wetherby Asset Management Inc. boosted its position in Workday by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 10,667 shares of the software maker’s stock worth $888,000 after buying an additional 85 shares during the period. Utah Retirement Systems boosted its position in Workday by 0.5% in the first quarter. Utah Retirement Systems now owns 21,400 shares of the software maker’s stock worth $1,782,000 after buying an additional 100 shares during the period. Finally, RDL Financial Inc. boosted its position in Workday by 1.3% in the first quarter. RDL Financial Inc. now owns 10,130 shares of the software maker’s stock worth $844,000 after buying an additional 130 shares during the period.
Shares of Workday, Inc. (NYSE:WDAY) traded up 1.50% during mid-day trading on Friday, hitting $99.61. The stock had a trading volume of 270,003 shares. The firm’s market cap is $20.62 billion. The stock’s 50-day moving average price is $100.93 and its 200-day moving average price is $91.85. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $106.75.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $479.90 million for the quarter, compared to analysts’ expectations of $468.07 million. During the same period in the previous year, the firm posted $0.05 EPS. The business’s revenue for the quarter was up 38.0% compared to the same quarter last year. On average, analysts anticipate that Workday, Inc. will post $0.65 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Workday from $105.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. UBS AG restated a “buy” rating and set a $115.00 price objective (up previously from $103.00) on shares of Workday in a research report on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price objective on Workday and gave the stock a “buy” rating in a research report on Saturday, June 3rd. ValuEngine upgraded Workday from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, JMP Securities restated an “overweight” rating and set a $90.00 price objective on shares of Workday in a research report on Thursday, June 1st. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Workday has a consensus rating of “Hold” and a consensus price target of $92.37.
In other news, COO James Bozzini sold 6,132 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $102.71, for a total value of $629,817.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aneel Bhusri sold 8,424 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $94.46, for a total value of $795,731.04. The disclosure for this sale can be found here. Over the last three months, 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.
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