Rhumbline Advisers Cuts Holdings in Workday, Inc. (WDAY)
Rhumbline Advisers decreased its position in Workday, Inc. (NASDAQ:WDAY) by 2.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 144,278 shares of the software maker’s stock after selling 4,263 shares during the period. Rhumbline Advisers owned about 0.11% of Workday worth $15,205,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winfield Associates Inc. lifted its stake in Workday by 136.4% in the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after acquiring an additional 600 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Workday by 6,210.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock valued at $100,701,000 after acquiring an additional 1,021,702 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Workday by 47.0% in 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 acquiring an additional 183,444 shares in the last quarter. First Trust Advisors LP lifted its stake in Workday by 338.4% in the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock valued at $6,218,000 after acquiring an additional 49,483 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in Workday by 9.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,933 shares of the software maker’s stock valued at $1,152,000 after acquiring an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 67.78% of the company’s stock.
In related news, Director David A. Duffield sold 600 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $108.17, for a total transaction of $64,902.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark S. Peek sold 1,562 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $104.88, for a total value of $163,822.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,542,724 shares of company stock valued at $167,301,313. 37.71% of the stock is owned by corporate insiders.
WDAY has been the topic of several research reports. Canaccord Genuity restated a “buy” rating and issued a $125.00 target price on shares of Workday in a research note on Friday, October 6th. FBN Securities upgraded Workday from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $125.00 in a research note on Wednesday, October 11th. Cowen and Company restated a “market perform” rating and issued a $100.00 target price on shares of Workday in a research note on Saturday, October 14th. Guggenheim initiated coverage on Workday in a research note on Monday, October 30th. They issued a “neutral” rating and a $105.00 target price on the stock. Finally, Barclays PLC boosted their target price on Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Five investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $100.94.
Shares of Workday, Inc. (WDAY) opened at $115.15 on Thursday. 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 1 year low of $65.79 and a 1 year high of $116.32.
Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping the 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 business had revenue of $525.30 million during the quarter, compared to the consensus estimate of $507.44 million. During the same period in the prior year, the company earned ($0.04) EPS. Workday’s revenue for the quarter was up 40.6% on a year-over-year basis. research analysts anticipate that Workday, Inc. will post -1.33 earnings per share for the current fiscal year.
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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