Banco BTG Pactual S.A. Acquires New Position in Workday, Inc. (WDAY)

Banco BTG Pactual S.A. acquired a new stake in Workday, Inc. (NYSE:WDAY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,600 shares of the software maker’s stock, valued at approximately $300,000.

Other hedge funds also recently modified their holdings of the company. Toronto Dominion Bank increased its stake in shares of Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Workday during the first quarter worth approximately $124,000. Integrated Wealth Counsel LLC acquired a new stake in shares of Workday during the third quarter worth approximately $138,000. Mutual of America Capital Management LLC increased its stake in shares of Workday by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 1,950 shares of the software maker’s stock worth $162,000 after buying an additional 324 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Workday during the first quarter worth approximately $212,000.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

Workday, Inc. (NYSE WDAY) traded down 0.225% on Tuesday, hitting $99.985. The stock had a trading volume of 334,491 shares. The company’s 50 day moving average price is $96.65 and its 200 day moving average price is $84.70. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $104.53. The firm’s market cap is $20.70 billion.

Workday (NYSE:WDAY) last released its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The company had revenue of $479.90 million during the quarter, compared to analysts’ expectations of $468.07 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. Analysts expect that Workday, Inc. will post $0.65 EPS for the current year.

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A number of brokerages recently commented on WDAY. Mitsubishi UFJ Financial Group set a $106.00 price target on Workday and gave the company a “buy” rating in a research report on Saturday, June 3rd. Wunderlich reissued a “hold” rating and issued a $96.00 target price (up from $86.00) on shares of Workday in a research report on Saturday, June 3rd. William Blair reissued an “outperform” rating on shares of Workday in a research report on Wednesday, March 1st. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 target price (up from $84.00) on shares of Workday in a research report on Saturday, June 3rd. Finally, Stifel Nicolaus raised their target price on Workday from $68.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, February 28th. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $91.03.

In related news, insider Philip W. Wilmington sold 19,059 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $98.03, for a total transaction of $1,868,353.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James P. Shaughnessy sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $97.85, for a total transaction of $587,100.00. The disclosure for this sale can be found here. Insiders have sold 1,229,428 shares of company stock valued at $112,360,140 in the last three months. Corporate insiders own 41.78% of the company’s stock.

Workday Company Profile

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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