Fox Run Management L.L.C. decreased its stake in Workday, Inc. (NYSE:WDAY) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,500 shares of the software maker’s stock after selling 300 shares during the period. Fox Run Management L.L.C.’s holdings in Workday were worth $437,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in WDAY. Glynn Capital Management LLC increased its position in shares of Workday by 7.3% in the first quarter. Glynn Capital Management LLC now owns 297,413 shares of the software maker’s stock worth $24,769,000 after buying an additional 20,256 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Workday by 52.7% in the fourth quarter. Guggenheim Capital LLC now owns 17,302 shares of the software maker’s stock worth $1,143,000 after buying an additional 5,969 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Workday by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 80,094 shares of the software maker’s stock worth $6,670,000 after buying an additional 1,012 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Workday during the first quarter worth approximately $212,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Workday during the fourth quarter worth approximately $3,827,000.
Workday, Inc. (NYSE WDAY) traded up 1.26% during midday trading on Friday, reaching $99.38. The company’s stock had a trading volume of 804,345 shares. Workday, Inc. has a 1-year low of $65.79 and a 1-year high of $106.75. The company has a 50 day moving average of $100.93 and a 200-day moving average of $91.85. The company’s market capitalization is $20.57 billion.
Workday (NYSE:WDAY) last posted its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The company had revenue of $479.90 million during the quarter, compared to analysts’ expectations of $468.07 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Workday’s quarterly revenue was up 38.0% compared to the same quarter last year. Equities research analysts anticipate that Workday, Inc. will post $0.65 earnings per share for the current fiscal year.
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A number of equities research analysts have recently weighed in on WDAY shares. Canaccord Genuity reiterated a “buy” rating and issued a $115.00 target price on shares of Workday in a research report on Friday, June 2nd. Drexel Hamilton reiterated a “buy” rating and issued a $114.00 target price on shares of Workday in a research report on Wednesday, May 31st. Vetr upgraded Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective on the stock in a research report on Monday, May 1st. UBS AG restated a “buy” rating and issued a $115.00 price objective (up previously from $103.00) on shares of Workday in a research report on Friday, June 2nd. Finally, Bank of America Corporation restated a “buy” rating and issued a $114.00 price objective (up previously from $96.00) on shares of Workday in a research report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $92.37.
In related news, SVP James P. Shaughnessy sold 8,760 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $103.62, for a total value of $907,711.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robynne Sisco sold 1,405 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $94.40, for a total transaction of $132,632.00. The disclosure for this sale can be found here. Insiders sold 1,284,581 shares of company stock valued at $127,908,387 in the last quarter. 37.71% of the stock is currently owned by corporate insiders.
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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