Bessemer Group Inc. Acquires 247 Shares of Workday, Inc. (NYSE:WDAY)
Bessemer Group Inc. raised its position in shares of Workday, Inc. (NYSE:WDAY) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,687 shares of the software maker’s stock after buying an additional 247 shares during the period. Bessemer Group Inc.’s holdings in Workday were worth $2,104,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Workday during the first quarter valued at $124,000. Gemmer Asset Management LLC boosted its stake in Workday by 9.6% in the first quarter. Gemmer Asset Management LLC now owns 8,764 shares of the software maker’s stock valued at $730,000 after buying an additional 764 shares during the period. Gateway Investment Advisers LLC boosted its stake in Workday by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 80,094 shares of the software maker’s stock valued at $6,670,000 after buying an additional 1,012 shares during the period. Regent Investment Management LLC purchased a new stake in Workday during the first quarter valued at $1,672,000. Finally, Fox Run Management L.L.C. purchased a new stake in Workday during the first quarter valued at $400,000.
Shares of Workday, Inc. (NYSE:WDAY) opened at 101.16 on Thursday. The company’s 50-day moving average is $101.05 and its 200 day moving average is $91.80. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $106.75. The firm’s market capitalization is $20.94 billion.
Workday (NYSE:WDAY) last issued its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.13. The company had revenue of $479.90 million for the quarter, compared to analysts’ expectations of $468.07 million. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The firm’s revenue was up 38.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. Analysts anticipate that Workday, Inc. will post $0.65 EPS for the current fiscal year.
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Several analysts have recently weighed in on WDAY shares. Vetr raised shares of Workday from a “hold” rating to a “buy” rating and set a $93.50 price target for the company in a research note on Monday, May 1st. Canaccord Genuity reissued a “buy” rating and issued a $115.00 price target on shares of Workday in a research note on Friday, July 7th. Deutsche Bank AG reissued a “hold” rating and issued a $95.00 price target (up previously from $85.00) on shares of Workday in a research note on Saturday, June 3rd. Wedbush increased their price target on shares of Workday from $96.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price target (up previously from $84.00) on shares of Workday in a research note on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $92.37.
In related news, CFO Robynne Sisco sold 1,405 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $94.40, for a total value of $132,632.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David A. Duffield sold 359,484 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $97.39, for a total transaction of $35,010,146.76. The disclosure for this sale can be found here. Insiders have sold 1,284,581 shares of company stock worth $127,908,387 over the last three months. 37.71% of the stock is owned by corporate insiders.
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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