Point72 Asset Management L.P. purchased a new stake in shares of Workday Inc (NASDAQ:WDAY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,600 shares of the software maker’s stock, valued at approximately $2,276,000.
A number of other hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc grew its position in shares of Workday by 17.6% during the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after purchasing an additional 176 shares in the last quarter. Global X Management Co. LLC grew its holdings in Workday by 9.3% during the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after buying an additional 97 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Workday by 18.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 217,703 shares of the software maker’s stock valued at $21,118,000 after buying an additional 34,266 shares in the last quarter. First Trust Advisors LP grew its holdings in Workday by 338.4% during the 2nd quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock valued at $6,218,000 after buying an additional 49,483 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Workday by 35.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,029 shares of the software maker’s stock valued at $1,126,000 after buying an additional 2,859 shares in the last quarter. 66.90% of the stock is currently owned by institutional investors.
Workday Inc (NASDAQ WDAY) traded down $1.34 during trading on Friday, reaching $112.90. The company’s stock had a trading volume of 1,183,450 shares, compared to its average volume of 2,500,000. The firm has a market capitalization of $23,480.00, a PE ratio of -78.40 and a beta of 1.83. Workday Inc has a one year low of $78.16 and a one year high of $116.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.11 and a current ratio of 2.11.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10. The company had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. analysts anticipate that Workday Inc will post -1.1 earnings per share for the current year.
In related news, Director Michael A. Stankey sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $102.10, for a total transaction of $1,276,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Robynne Sisco sold 5,267 shares of Workday stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $107.36, for a total transaction of $565,465.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,196,179 shares of company stock worth $126,474,760. Corporate insiders own 37.71% of the company’s stock.
Several research firms have recently issued reports on WDAY. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Workday in a research note on Friday, October 6th. Robert W. Baird reissued a “buy” rating on shares of Workday in a research note on Friday, October 6th. BidaskClub lowered Workday from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. Oppenheimer reaffirmed a “buy” rating and set a $117.00 target price on shares of Workday in a research report on Monday, September 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $125.00 target price on shares of Workday in a research report on Tuesday, October 17th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.27.
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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