Crescent Grove Advisors LLC purchased a new position in Workday, Inc. (NYSE:WDAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,500 shares of the software maker’s stock, valued at approximately $340,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP boosted its position in Workday by 338.4% in the second quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock worth $6,218,000 after buying an additional 49,483 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Workday by 23.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,488 shares of the software maker’s stock valued at $2,181,000 after buying an additional 4,275 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Workday by 18.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,703 shares of the software maker’s stock valued at $21,118,000 after buying an additional 34,266 shares during the period. Global X Management Co. LLC boosted its stake in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares during the period. Finally, BP PLC purchased a new stake in Workday during the second quarter valued at $1,406,000.
Shares of Workday, Inc. (NYSE WDAY) opened at 99.38 on Friday. Workday, Inc. has a 12 month low of $65.79 and a 12 month high of $106.75. The firm’s market capitalization is $20.57 billion. The firm’s 50-day moving average price is $100.83 and its 200 day moving average price is $91.97.
Workday (NYSE:WDAY) last announced its earnings results on Thursday, June 1st. The software maker reported $0.29 EPS 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 business had revenue of $479.90 million during the quarter, compared to analysts’ expectations of $468.07 million. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s revenue was up 38.0% compared to the same quarter last year. Analysts anticipate that Workday, Inc. will post $0.65 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on the company. Wunderlich restated a “hold” rating and set a $96.00 price target (up from $86.00) on shares of Workday in a report on Saturday, June 3rd. Cowen and Company reissued a “market perform” rating and issued a $93.00 price target (up from $83.00) on shares of Workday in a research note on Saturday, June 3rd. Credit Suisse Group reissued a “neutral” rating and issued a $94.00 price target (up from $91.00) on shares of Workday in a research note on Saturday, June 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price target (up from $84.00) on shares of Workday in a research note on Saturday, June 3rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $95.00 target price (up from $85.00) on shares of Workday in a research report on Saturday, June 3rd. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $92.37.
In other news, COO James Bozzini sold 6,132 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $102.71, for a total value of $629,817.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robynne Sisco sold 1,405 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $94.40, for a total transaction of $132,632.00. The disclosure for this sale can be found here. Insiders sold 1,284,581 shares of company stock valued at $127,908,387 over the last ninety days. Corporate insiders own 37.71% of the company’s stock.
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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