Royal London Asset Management Ltd. Takes Position in Workday Inc (WDAY)
Royal London Asset Management Ltd. acquired a new position in shares of Workday Inc (NASDAQ:WDAY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 60,927 shares of the software maker’s stock, valued at approximately $7,379,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc acquired a new position in Workday during the second quarter worth about $448,000. First Trust Advisors LP raised its position in Workday by 43.3% during the second quarter. First Trust Advisors LP now owns 989,908 shares of the software maker’s stock worth $119,898,000 after acquiring an additional 299,251 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Workday by 1,077.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 286,841 shares of the software maker’s stock worth $34,742,000 after acquiring an additional 262,485 shares during the last quarter. Franklin Resources Inc. raised its position in Workday by 19.7% during the first quarter. Franklin Resources Inc. now owns 1,342,790 shares of the software maker’s stock worth $170,682,000 after acquiring an additional 220,640 shares during the last quarter. Finally, Ardevora Asset Management LLP raised its position in Workday by 254.7% during the second quarter. Ardevora Asset Management LLP now owns 278,326 shares of the software maker’s stock worth $33,711,000 after acquiring an additional 199,856 shares during the last quarter. 67.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Petros Dermetzis sold 6,699 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $147.07, for a total value of $985,221.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James P. Shaughnessy sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $144.08, for a total transaction of $691,584.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 519,315 shares of company stock valued at $68,047,194. 33.59% of the stock is owned by insiders.
Workday stock opened at $143.79 on Wednesday. Workday Inc has a 1 year low of $95.35 and a 1 year high of $157.12. The company has a market capitalization of $30.08 billion, a P/E ratio of -113.13 and a beta of 2.02. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.54.
Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Workday had a negative net margin of 13.81% and a negative return on equity of 13.36%. The firm had revenue of $671.70 million during the quarter, compared to the consensus estimate of $663.38 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Workday’s revenue was up 27.9% compared to the same quarter last year. research analysts predict that Workday Inc will post -1.11 earnings per share for the current year.
Workday Company Profile
Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.
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