Balentine LLC decreased its stake in Workday Inc (NASDAQ:WDAY) by 21.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,609 shares of the software maker’s stock after selling 1,279 shares during the period. Balentine LLC’s holdings in Workday were worth $486,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB raised its position in Workday by 2.5% in the second quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock worth $331,000 after acquiring an additional 83 shares during the period. Global X Management Co. LLC raised its position in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after acquiring an additional 97 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Workday by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock worth $538,000 after acquiring an additional 126 shares during the period. IFP Advisors Inc raised its position in Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after acquiring an additional 176 shares during the period. Finally, First Personal Financial Services increased its stake in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after purchasing an additional 185 shares in the last quarter. 67.58% of the stock is currently owned by institutional investors and hedge funds.
WDAY has been the subject of several recent research reports. Guggenheim initiated coverage on shares of Workday in a research note on Monday, October 30th. They issued a “neutral” rating and a $105.00 target price for the company. UBS reiterated a “sell” rating and issued a $95.00 target price (down previously from $121.00) on shares of Workday in a research note on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and issued a $114.00 target price on shares of Workday in a research note on Friday, November 10th. Barclays lifted their target price on shares of Workday from $108.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $105.00 target price (up previously from $95.00) on shares of Workday in a research note on Thursday, August 31st. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $103.03.
Workday (NASDAQ:WDAY) last released its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The business had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. During the same quarter in the previous year, the company earned $0.03 EPS. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. equities research analysts forecast that Workday Inc will post -1.1 EPS for the current fiscal year.
In other news, Director David A. Duffield sold 218,149 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $108.69, for a total value of $23,710,614.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aneel Bhusri sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $100.34, for a total transaction of $7,525,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,074,554 shares of company stock valued at $115,462,465. Corporate insiders own 37.71% of the company’s stock.
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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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