Fisher Asset Management LLC boosted its stake in shares of Workday, Inc. (NYSE:WDAY) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,620 shares of the software maker’s stock after buying an additional 45 shares during the period. Fisher Asset Management LLC’s holdings in Workday were worth $836,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the stock. Toronto Dominion Bank boosted its position in 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 position in Workday during the first quarter valued at about $124,000. Harbour Capital Advisors LLC purchased a new position in Workday during the first quarter valued at about $152,000. FNY Managed Accounts LLC purchased a new position in Workday during the first quarter valued at about $155,000. Finally, Mutual of America Capital Management LLC boosted its position 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 worth $162,000 after buying an additional 324 shares in the last quarter.
Workday, Inc. (NYSE WDAY) traded down 1.46% during mid-day trading on Friday, reaching $101.40. 1,712,600 shares of the company’s stock were exchanged. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $106.75. The company’s market capitalization is $20.99 billion. The company’s 50 day moving average price is $101.28 and its 200-day moving average price is $92.65.
Workday (NYSE:WDAY) last posted its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The business had revenue of $479.90 million for the quarter, compared to analyst estimates 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 revenue was up 38.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. On average, equities research analysts expect that Workday, Inc. will post $0.66 earnings per share for the current fiscal year.
A number of research firms have weighed in on WDAY. BMO Capital Markets upped their price objective on shares of Workday from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday. Wunderlich restated a “hold” rating and set a $96.00 price objective (up from $86.00) on shares of Workday in a research report on Saturday, June 3rd. Cowen and Company reiterated a “market perform” rating and issued a $93.00 target price (up from $83.00) on shares of Workday in a research report on Saturday, June 3rd. Credit Suisse Group reiterated a “neutral” rating and issued a $94.00 target price (up from $91.00) on shares of Workday in a research report on Saturday, June 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 target price (up from $84.00) on shares of Workday in a research report on Saturday, June 3rd. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Workday presently has an average rating of “Hold” and a consensus target price of $92.77.
In other Workday news, CFO Robynne Sisco sold 1,043 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $102.91, for a total value of $107,335.13. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Aneel Bhusri sold 75,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $102.87, for a total value of $7,715,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,285,592 shares of company stock worth $128,237,888. Corporate insiders own 37.71% of the company’s stock.
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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