Prudential Financial Inc. Acquires 620 Shares of Workday, Inc. (WDAY)

Prudential Financial Inc. increased its stake in Workday, Inc. (NYSE:WDAY) by 18.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,030 shares of the software maker’s stock after buying an additional 620 shares during the period. Prudential Financial Inc.’s holdings in Workday were worth $336,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Workday during the first quarter valued at approximately $124,000. Mutual of America Capital Management LLC boosted its stake in Workday by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 1,950 shares of the software maker’s stock valued at $162,000 after buying an additional 324 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in Workday during the first quarter valued at approximately $212,000. Finally, Capstone Asset Management Co. purchased a new stake in Workday during the first quarter valued at approximately $234,000.

Shares of Workday, Inc. (NYSE WDAY) traded down 1.46% during midday trading on Friday, reaching $101.40. The company’s stock had a trading volume of 1,712,600 shares. The stock has a 50-day moving average price of $101.28 and a 200-day moving average price of $92.65. The stock’s market cap is $20.99 billion. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The business had revenue of $479.90 million for the quarter, compared to the consensus estimate of $468.07 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The business’s quarterly revenue was up 38.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. Equities research analysts anticipate that Workday, Inc. will post $0.66 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the company. Benchmark Co. assumed coverage on Workday in a research note on Thursday, April 27th. They issued a “hold” rating on the stock. Deutsche Bank AG restated a “hold” rating and issued a $95.00 price target (up previously from $85.00) on shares of Workday in a research note on Saturday, June 3rd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $94.00 price objective (up from $91.00) on shares of Workday in a report on Saturday, June 3rd. J P Morgan Chase & Co upped their price objective on Workday to $115.00 and gave the company an “overweight” rating in a report on Thursday, July 13th. Finally, BMO Capital Markets upped their price objective on Workday from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday. Four research 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 assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $92.77.

In other Workday news, insider Philip W. Wilmington sold 19,059 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $98.03, for a total value of $1,868,353.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robynne Sisco sold 1,043 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $102.91, for a total transaction of $107,335.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,285,592 shares of company stock worth $128,237,888. 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.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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