FIL Ltd Raises Stake in Workday, Inc. (WDAY)
FIL Ltd raised its position in shares of Workday, Inc. (NYSE:WDAY) by 72.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,291 shares of the company’s stock after buying an additional 117,792 shares during the period. FIL Ltd’s holdings in Workday were worth $18,458,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in WDAY. Matrix Capital Management Company LP purchased a new stake in shares of Workday during the third quarter valued at $468,573,000. 1832 Asset Management L.P. raised its stake in shares of Workday by 1,312.0% in the third quarter. 1832 Asset Management L.P. now owns 590,200 shares of the company’s stock valued at $52,862,000 after buying an additional 548,400 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Workday during the third quarter valued at $48,736,000. Russell Investments Group Ltd. purchased a new stake in shares of Workday during the fourth quarter valued at $29,032,000. Finally, Two Sigma Advisers LP raised its stake in shares of Workday by 90.2% in the third quarter. Two Sigma Advisers LP now owns 815,700 shares of the company’s stock valued at $74,792,000 after buying an additional 386,900 shares during the last quarter.
Shares of Workday, Inc. (NYSE:WDAY) traded up 3.46% during trading on Friday, reaching $88.46. The company’s stock had a trading volume of 1,243,059 shares. The company’s market cap is $17.78 billion. Workday, Inc. has a 52-week low of $54.35 and a 52-week high of $93.35. The firm’s 50-day moving average is $80.71 and its 200 day moving average is $82.40.
Workday (NYSE:WDAY) last released its quarterly earnings data on Thursday, December 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.07. The firm had revenue of $409.60 million for the quarter. Workday had a negative return on equity of 29.55% and a negative net margin of 26.36%. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. On average, equities research analysts predict that Workday, Inc. will post $0.03 EPS for the current fiscal year.
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WDAY has been the topic of several recent research reports. Brean Capital reissued a “sell” rating and set a $62.00 price objective on shares of Workday in a report on Tuesday, November 22nd. Barclays PLC reissued a “hold” rating and set a $77.00 price objective on shares of Workday in a report on Wednesday, November 23rd. DA Davidson set a $107.00 price objective on Workday and gave the stock a “buy” rating in a report on Friday, November 25th. Needham & Company LLC reissued a “hold” rating on shares of Workday in a report on Monday, November 28th. Finally, Cowen and Company set a $83.00 price objective on Workday and gave the stock a “hold” rating in a report on Tuesday, November 29th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $85.27.
In other Workday news, Chairman David A. Duffield sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $73.19, for a total value of $29,276,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $71.73, for a total value of $5,379,750.00. The disclosure for this sale can be found here. Insiders sold 1,097,487 shares of company stock worth $78,149,173 in the last 90 days. Corporate insiders own 41.78% 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. It operates in the cloud applications segment.
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