Marcus Capital LLC Sells 4,800 Shares of Workday, Inc. (WDAY)
Marcus Capital LLC lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 30.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,175 shares of the software maker’s stock after selling 4,800 shares during the period. Workday makes up 1.7% of Marcus Capital LLC’s portfolio, making the stock its 28th biggest position. Marcus Capital LLC’s holdings in Workday were worth $1,178,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Winfield Associates Inc. increased its position in shares of Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after acquiring an additional 600 shares in the last quarter. First Personal Financial Services increased its position in shares of Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after acquiring an additional 185 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after acquiring an additional 97 shares in the last quarter. IFP Advisors Inc increased its position in shares of Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after acquiring an additional 176 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock worth $123,000 after acquiring an additional 236 shares in the last quarter. 67.11% of the stock is owned by institutional investors.
Workday, Inc. (NASDAQ:WDAY) traded up $1.30 during trading on Wednesday, reaching $107.47. 919,200 shares of the company’s stock traded hands, compared to its average volume of 1,572,974. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.54. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $111.94.
Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The firm had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. Workday’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. research analysts forecast that Workday, Inc. will post -1.33 earnings per share for the current year.
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In other news, Director David A. Duffield sold 457,386 shares of Workday stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $109.35, for a total value of $50,015,159.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aneel Bhusri sold 75,000 shares of Workday stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $108.98, for a total transaction of $8,173,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,542,724 shares of company stock worth $167,301,313 in the last ninety days. Corporate insiders own 37.71% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $125.00 price target on shares of Workday in a report on Friday, October 6th. FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $115.00 to $125.00 in a report on Wednesday, October 11th. Cowen and Company reaffirmed a “market perform” rating and set a $100.00 price target on shares of Workday in a report on Saturday, October 14th. Guggenheim assumed coverage on shares of Workday in a report on Monday, October 30th. They set a “neutral” rating and a $105.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Workday in a report on Friday, October 6th. Five research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $99.53.
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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