Commonwealth Equity Services LLC boosted its holdings in Workday Inc (NASDAQ:WDAY) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,232 shares of the software maker’s stock after purchasing an additional 369 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Workday were worth $3,268,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of WDAY. Winfield Associates Inc. bought a new stake in Workday in the second quarter worth approximately $437,000. Carroll Financial Associates Inc. increased its holdings in Workday by 47.4% in the second quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock worth $34,000 after purchasing an additional 54 shares in the last quarter. EFG Asset Management Americas Corp. increased its holdings in Workday by 1.0% in the second quarter. EFG Asset Management Americas Corp. now owns 21,658 shares of the software maker’s stock worth $4,452,000 after purchasing an additional 216 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Workday by 18.1% in the second quarter. Valeo Financial Advisors LLC now owns 490 shares of the software maker’s stock worth $101,000 after purchasing an additional 75 shares in the last quarter. Finally, Chicago Capital LLC increased its holdings in Workday by 0.6% in the second quarter. Chicago Capital LLC now owns 137,787 shares of the software maker’s stock worth $28,326,000 after purchasing an additional 784 shares in the last quarter. Institutional investors and hedge funds own 66.80% of the company’s stock.
Shares of NASDAQ:WDAY opened at $162.42 on Friday. The stock has a market cap of $36.79 billion, a price-to-earnings ratio of -133.13 and a beta of 1.49. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Workday Inc has a 12-month low of $117.72 and a 12-month high of $226.83. The business’s 50 day moving average is $166.83 and its 200 day moving average is $192.11.
Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 29th. The software maker reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.05). The company had revenue of $887.75 million for the quarter, compared to analysts’ expectations of $872.44 million. Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Workday Inc will post -1.17 earnings per share for the current year.
In other Workday news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $175.27, for a total value of $52,581,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Duffield sold 300,785 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.27, for a total value of $50,011,521.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,099,707 shares of company stock worth $189,341,183. 29.80% of the stock is owned by insiders.
A number of equities research analysts have weighed in on WDAY shares. Wells Fargo & Co set a $210.00 target price on Workday and gave the stock a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus decreased their price objective on Workday from $210.00 to $180.00 in a report on Wednesday, October 16th. Northland Securities set a $225.00 price objective on Workday and gave the company a “hold” rating in a report on Friday, August 30th. KeyCorp set a $235.00 price objective on Workday and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Societe Generale upgraded Workday from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $211.36.
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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