Pacer Advisors Inc. increased its position in Workday Inc (NASDAQ:WDAY) by 11.3% in the second quarter, Holdings Channel.com reports. The fund owned 9,443 shares of the software maker’s stock after acquiring an additional 960 shares during the quarter. Pacer Advisors Inc.’s holdings in Workday were worth $1,941,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Workday by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 123,024 shares of the software maker’s stock valued at $19,646,000 after acquiring an additional 7,353 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Workday during the first quarter worth about $1,275,000. Eagle Asset Management Inc. purchased a new stake in Workday in the first quarter valued at approximately $325,000. Gamco Investors INC. ET AL purchased a new stake in Workday in the first quarter valued at approximately $1,755,000. Finally, Victory Capital Management Inc. bought a new position in shares of Workday in the 1st quarter worth $30,087,000. 67.24% of the stock is owned by institutional investors.
Workday stock traded down $0.35 during trading hours on Wednesday, reaching $173.54. The stock had a trading volume of 67,876 shares, compared to its average volume of 2,155,481. The company has a fifty day simple moving average of $190.95 and a 200-day simple moving average of $198.66. Workday Inc has a 52 week low of $117.72 and a 52 week high of $226.83. The stock has a market cap of $39.00 billion, a PE ratio of -142.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.05). The firm had revenue of $887.75 million for the quarter, compared to the consensus estimate of $872.44 million. Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The business’s revenue was up 32.2% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. Research analysts predict that Workday Inc will post -1.12 earnings per share for the current fiscal year.
In other Workday news, CEO Aneel Bhusri sold 6,576 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $219.15, for a total value of $1,441,130.40. 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 286,859 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $174.34, for a total value of $50,010,998.06. The disclosure for this sale can be found here. Insiders sold 1,041,609 shares of company stock worth $198,819,164 over the last three months. 29.80% of the stock is owned by insiders.
Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Workday from $148.00 to $160.00 and gave the stock a “sell” rating in a research note on Wednesday, May 29th. Royal Bank of Canada set a $225.00 target price on Workday and gave the stock a “buy” rating in a research report on Monday, August 26th. Deutsche Bank boosted their target price on Workday from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, May 29th. Bank of America upped their target price on Workday from $234.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Goldman Sachs Group set a $223.00 price target on shares of Workday and gave the company a “hold” rating in a research report on Friday, August 30th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $212.45.
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.
Further Reading: Index Funds
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