HighTower Advisors LLC Raises Position in Workday Inc (WDAY)

HighTower Advisors LLC increased its position in shares of Workday Inc (NYSE:WDAY) by 16.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,613 shares of the software maker’s stock after acquiring an additional 1,469 shares during the period. HighTower Advisors LLC’s holdings in Workday were worth $1,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WDAY. Waldron LP grew its position in Workday by 167.1% during the 1st quarter. Waldron LP now owns 11,102 shares of the software maker’s stock worth $896,000 after acquiring an additional 6,946 shares during the last quarter. Comerica Bank grew its position in Workday by 12.9% during the 1st quarter. Comerica Bank now owns 5,205 shares of the software maker’s stock worth $452,000 after acquiring an additional 595 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Workday by 10.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 323,658 shares of the software maker’s stock worth $26,954,000 after acquiring an additional 31,435 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Workday by 18.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 77,660 shares of the software maker’s stock worth $6,468,000 after acquiring an additional 11,879 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Workday by 18.2% during the 1st quarter. Prudential Financial Inc. now owns 4,030 shares of the software maker’s stock worth $336,000 after acquiring an additional 620 shares during the last quarter. Institutional investors and hedge funds own 67.08% of the company’s stock.

A number of brokerages recently weighed in on WDAY. Credit Suisse Group restated a “neutral” rating and set a $94.00 price objective on shares of Workday in a research report on Sunday, August 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $105.00 price target (up previously from $95.00) on shares of Workday in a research report on Thursday, August 31st. J P Morgan Chase & Co upped their price target on Workday to $115.00 and gave the company an “overweight” rating in a research report on Thursday, July 13th. BMO Capital Markets upped their price target on Workday from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, August 17th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $117.00 price target on shares of Workday in a research report on Monday, September 18th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the company. Workday presently has an average rating of “Hold” and an average price target of $99.85.

Workday Inc (NYSE WDAY) opened at 108.64 on Friday. Workday Inc has a one year low of $65.79 and a one year high of $111.45. The firm’s 50-day moving average price is $105.92 and its 200 day moving average price is $98.33. The company’s market capitalization is $22.60 billion.

Workday (NYSE:WDAY) last posted its earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The business had revenue of $525.30 million during the quarter, compared to the consensus estimate of $507.44 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The firm’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 earnings per share for the current fiscal year.

In other news, Director David A. Duffield sold 175,974 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $108.51, for a total transaction of $19,094,938.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Duffield sold 457,386 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $109.35, for a total transaction of $50,015,159.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,574,566 shares of company stock valued at $170,342,437. 37.71% of the stock is currently owned by insiders.

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Workday 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.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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