Workday, Inc. (NYSE:WDAY) Stake Reduced by Shell Asset Management Co.
Shell Asset Management Co. decreased its stake in Workday, Inc. (NYSE:WDAY) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,583 shares of the software maker’s stock after selling 418 shares during the period. Shell Asset Management Co.’s holdings in Workday were worth $736,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares during the period. State of Alaska Department of Revenue acquired a new position in Workday during the first quarter valued at $124,000. Harbour Capital Advisors LLC acquired a new position in Workday during the first quarter valued at $152,000. FNY Managed Accounts LLC acquired a new position in Workday during the first quarter valued at $155,000. Finally, Mutual of America Capital Management LLC increased its position in Workday by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 1,950 shares of the software maker’s stock valued at $162,000 after buying an additional 324 shares during the period.
Shares of Workday, Inc. (WDAY) opened at 98.14 on Friday. The company has a 50 day moving average price of $100.93 and a 200 day moving average price of $91.85. The company’s market cap is $20.31 billion. Workday, Inc. has a one year low of $65.79 and a one year high of $106.75.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.13. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The firm had revenue of $479.90 million for the quarter, compared to analyst estimates of $468.07 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 38.0% compared to the same quarter last year. Equities research analysts expect that Workday, Inc. will post $0.65 earnings per share for the current year.
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Several research firms recently weighed in on WDAY. UBS Group AG reiterated a “buy” rating and set a $115.00 target price (up from $103.00) on shares of Workday in a research report on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price target on Workday and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Royal Bank Of Canada restated a “buy” rating and set a $106.00 price target on shares of Workday in a research note on Sunday, August 6th. Northland Securities restated a “hold” rating and set a $90.00 price target on shares of Workday in a research note on Friday, July 28th. Finally, BidaskClub upgraded Workday from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Workday has a consensus rating of “Hold” and an average target price of $92.37.
In other Workday news, SVP James P. Shaughnessy sold 1,873 shares of Workday stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $94.42, for a total transaction of $176,848.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. Stankey sold 6,249 shares of Workday stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $94.51, for a total value of $590,592.99. 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 90 days. Corporate insiders own 37.71% of the company’s stock.
Workday Company Profile
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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