Workday, Inc. (WDAY) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 18.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,406 shares of the software maker’s stock after buying an additional 75,058 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.36% of Workday worth $51,473,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of WDAY. Renaissance Technologies LLC acquired a new position in shares of Workday in the 2nd quarter valued at $117,209,000. Janus Henderson Group PLC boosted its stake in Workday by 6,210.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock worth $100,701,000 after purchasing an additional 1,021,702 shares during the period. Vanguard Group Inc. boosted its stake in Workday by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,782,861 shares of the software maker’s stock worth $1,045,937,000 after purchasing an additional 846,809 shares during the period. Balyasny Asset Management LLC boosted its stake in Workday by 492.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 383,164 shares of the software maker’s stock worth $37,167,000 after purchasing an additional 318,523 shares during the period. Finally, AO Asset Management LLC acquired a new stake in Workday during the 2nd quarter worth $26,306,000. Institutional investors and hedge funds own 67.78% of the company’s stock.
Shares of Workday, Inc. (NASDAQ WDAY) opened at $111.68 on Monday. Workday, Inc. has a 12 month low of $65.79 and a 12 month high of $112.80. 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 (NASDAQ:WDAY) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The company had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. During the same period last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. analysts forecast that Workday, Inc. will post -1.33 earnings per share for the current year.
In related news, CFO Robynne Sisco sold 2,317 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $109.32, for a total value of $253,294.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aneel Bhusri sold 75,000 shares of the firm’s 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 have sold a total of 1,542,724 shares of company stock worth $167,301,313 over the last ninety days. 37.71% of the stock is owned by corporate insiders.
A number of analysts recently weighed in on the stock. Barclays PLC increased their price target on shares of Workday from $108.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Friday. Robert W. Baird reiterated a “buy” rating and set a $114.00 price target on shares of Workday in a research note on Friday, November 10th. UBS AG reiterated a “sell” rating and set a $95.00 price target (down previously from $121.00) on shares of Workday in a research note on Thursday, November 9th. Guggenheim assumed coverage on shares of Workday in a research note on Monday, October 30th. They set a “neutral” rating and a $105.00 price target for the company. Finally, Northland Securities reiterated a “hold” rating and set a $90.00 price target on shares of Workday in a research note on Sunday, October 29th. Five investment 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $99.79.
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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