Twin Lakes Capital Management LLC trimmed its position in Workday, Inc. (NASDAQ:WDAY) by 1.7% in the third quarter, Holdings Channel reports. The fund owned 4,997 shares of the software maker’s stock after selling 87 shares during the quarter. Twin Lakes Capital Management LLC’s holdings in Workday were worth $1,249,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bedel Financial Consulting Inc. lifted its stake in shares of Workday by 86.5% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 138 shares of the software maker’s stock valued at $33,000 after acquiring an additional 64 shares during the last quarter. Lloyd Advisory Services LLC. lifted its stake in shares of Workday by 43.8% in the 2nd quarter. Lloyd Advisory Services LLC. now owns 161 shares of the software maker’s stock valued at $38,000 after acquiring an additional 49 shares during the last quarter. Allworth Financial LP bought a new position in shares of Workday in the 2nd quarter valued at $45,000. Wagner Wealth Management LLC bought a new position in shares of Workday in the 2nd quarter valued at $53,000. Finally, Carolinas Wealth Consulting LLC lifted its stake in shares of Workday by 23.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 246 shares of the software maker’s stock valued at $59,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.
A number of analysts recently weighed in on the company. Oppenheimer increased their price objective on Workday from $285.00 to $340.00 and gave the company an “outperform” rating in a report on Monday, November 15th. Robert W. Baird reiterated a “buy” rating and set a $275.00 price target on shares of Workday in a report on Wednesday. BMO Capital Markets increased their price target on Workday from $295.00 to $355.00 and gave the stock a “market perform” rating in a report on Thursday, November 18th. They noted that the move was a valuation call. Barclays increased their price target on Workday from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Friday, November 19th. Finally, Morgan Stanley increased their price target on Workday from $310.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, November 15th. Two investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $334.11.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, November 18th. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.24. Workday had a negative net margin of 0.79% and a positive return on equity of 3.49%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. Workday’s revenue was up 20.0% on a year-over-year basis. Research analysts predict that Workday, Inc. will post 0.19 earnings per share for the current year.
In other news, Director David A. Duffield sold 274,565 shares of Workday stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $273.19, for a total transaction of $75,008,412.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Harry Sauer sold 588 shares of the business’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $271.00, for a total transaction of $159,348.00. The disclosure for this sale can be found here. Insiders sold a total of 619,841 shares of company stock valued at $162,862,156 over the last quarter. 24.06% of the stock is owned by company insiders.
Workday Company Profile
Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.
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