Jasper Ridge Partners L.P. held its position in shares of Workday, Inc. (NYSE:WDAY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,003 shares of the software maker’s stock at the end of the 2nd quarter. Jasper Ridge Partners L.P.’s holdings in Workday were worth $291,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Workday by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 9,936,052 shares of the software maker’s stock valued at $827,474,000 after purchasing an additional 593,839 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Workday by 2,792.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 391,700 shares of the software maker’s stock valued at $32,621,000 after purchasing an additional 378,160 shares in the last quarter. State Street Corp grew its holdings in Workday by 10.6% during the 1st quarter. State Street Corp now owns 2,288,030 shares of the software maker’s stock valued at $190,552,000 after purchasing an additional 219,326 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Workday by 47.0% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock valued at $55,650,000 after purchasing an additional 183,444 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Workday by 355.9% during the 1st quarter. Teacher Retirement System of Texas now owns 179,780 shares of the software maker’s stock valued at $14,972,000 after purchasing an additional 140,347 shares in the last quarter. 67.74% of the stock is owned by institutional investors.
Shares of Workday, Inc. (WDAY) traded down 1.26% during midday trading on Tuesday, reaching $106.91. 415,521 shares of the company’s stock traded hands. The stock has a 50 day moving average of $103.77 and a 200-day moving average of $94.88. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $111.45. The stock’s market cap is $22.13 billion.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The company had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. During the same quarter last year, the business earned ($0.04) earnings per share. Workday’s revenue was up 40.6% on a year-over-year basis. On average, equities research analysts expect that Workday, Inc. will post $0.83 EPS for the current year.
In other Workday news, SVP James P. Shaughnessy sold 6,000 shares of Workday stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $97.85, for a total value of $587,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David A. Duffield sold 457,386 shares of Workday stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $109.35, for a total value of $50,015,159.10. The disclosure for this sale can be found here. Insiders sold 1,310,811 shares of company stock worth $134,589,892 in the last 90 days. 37.71% of the stock is owned by company insiders.
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A number of research firms have commented on WDAY. Deutsche Bank AG reiterated a “hold” rating and set a $95.00 price objective (up from $85.00) on shares of Workday in a research note on Saturday, June 3rd. Credit Suisse Group reiterated a “neutral” rating and set a $94.00 price objective on shares of Workday in a research note on Sunday, August 27th. J P Morgan Chase & Co increased their price objective on shares of Workday to $115.00 and gave the company an “overweight” rating in a research note on Thursday, July 13th. BMO Capital Markets increased their price objective on shares of Workday from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, August 17th. Finally, KeyCorp reiterated a “hold” rating on shares of Workday in a research note on Thursday, August 31st. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $98.79.
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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