DF Dent & Co. Inc. Acquires Shares of 5,553 Workday Inc (NASDAQ:WDAY)

DF Dent & Co. Inc. acquired a new stake in Workday Inc (NASDAQ:WDAY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,553 shares of the software maker’s stock, valued at approximately $1,142,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Workday by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 9,609,541 shares of the software maker’s stock worth $1,975,530,000 after acquiring an additional 683,181 shares during the period. Jennison Associates LLC increased its position in shares of Workday by 6.8% during the 1st quarter. Jennison Associates LLC now owns 8,716,482 shares of the software maker’s stock worth $1,680,974,000 after purchasing an additional 552,280 shares during the last quarter. Blair William & Co. IL increased its position in shares of Workday by 5.6% during the 1st quarter. Blair William & Co. IL now owns 1,077,343 shares of the software maker’s stock worth $207,766,000 after purchasing an additional 57,358 shares during the last quarter. Northern Trust Corp increased its position in shares of Workday by 3.8% during the 2nd quarter. Northern Trust Corp now owns 1,058,023 shares of the software maker’s stock worth $217,509,000 after purchasing an additional 38,748 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Workday by 6.7% during the 2nd quarter. First Trust Advisors LP now owns 718,744 shares of the software maker’s stock worth $147,759,000 after purchasing an additional 45,386 shares during the last quarter. Institutional investors own 66.62% of the company’s stock.

In other news, SVP James P. Shaughnessy sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $219.32, for a total transaction of $328,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Duffield sold 281 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $219.67, for a total value of $61,727.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,038,975 shares of company stock valued at $191,615,842. 29.80% of the stock is owned by company insiders.

A number of analysts recently issued reports on WDAY shares. Wells Fargo & Co set a $210.00 price objective on Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. JMP Securities set a $225.00 price objective on Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. Stifel Nicolaus raised their price objective on Workday from $195.00 to $210.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Goldman Sachs Group set a $223.00 price objective on Workday and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, ValuEngine raised Workday from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $212.45.

WDAY stock traded down $7.28 during trading on Friday, hitting $167.16. 58,970 shares of the company’s stock were exchanged, compared to its average volume of 2,340,592. The business has a 50-day moving average price of $180.88 and a two-hundred day moving average price of $197.31. The stock has a market capitalization of $38.19 billion, a price-to-earnings ratio of -137.20 and a beta of 1.56. Workday Inc has a 52-week low of $117.72 and a 52-week high of $226.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 29th. The software maker reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.05). The business had revenue of $887.75 million for the quarter, compared to analysts’ expectations of $872.44 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. Workday’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, equities research analysts anticipate that Workday Inc will post -1.15 earnings per share for the current fiscal year.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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