Bailard Inc. Invests $206,000 in Workday, Inc. (WDAY) Stock

Bailard Inc. bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,617 shares of the software maker’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WDAY. The Manufacturers Life Insurance Company boosted its position in Workday by 272.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,050,260 shares of the software maker’s stock valued at $310,333,000 after buying an additional 2,231,255 shares during the last quarter. First Trust Advisors LP boosted its position in Workday by 241.4% in the fourth quarter. First Trust Advisors LP now owns 845,020 shares of the software maker’s stock valued at $85,972,000 after buying an additional 597,523 shares during the last quarter. KBC Group NV boosted its position in Workday by 1,239.5% in the fourth quarter. KBC Group NV now owns 301,655 shares of the software maker’s stock valued at $30,691,000 after buying an additional 279,135 shares during the last quarter. Franklin Resources Inc. boosted its position in Workday by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 1,122,150 shares of the software maker’s stock valued at $114,168,000 after buying an additional 124,330 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Workday by 149.3% in the fourth quarter. Teacher Retirement System of Texas now owns 123,192 shares of the software maker’s stock valued at $12,534,000 after buying an additional 73,767 shares during the last quarter. Hedge funds and other institutional investors own 68.70% of the company’s stock.

In related news, insider Gomez Luciano Fernandez sold 1,709 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $124.23, for a total value of $212,309.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James P. Shaughnessy sold 7,203 shares of the stock in a transaction on Monday, April 16th. The shares were sold at an average price of $126.99, for a total value of $914,708.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 675,027 shares of company stock valued at $85,852,297. 37.71% of the stock is owned by corporate insiders.

Shares of Workday opened at $133.43 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $28.78 billion, a PE ratio of -105.06 and a beta of 1.80. Workday, Inc. has a 1-year low of $131.47 and a 1-year high of $133.88.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. Workday had a negative return on equity of 16.31% and a negative net margin of 14.99%. The firm had revenue of $582.48 million during the quarter, compared to the consensus estimate of $573.41 million. sell-side analysts forecast that Workday, Inc. will post -1.24 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on WDAY shares. Cleveland Research started coverage on Workday in a research report on Wednesday, January 31st. They issued a “buy” rating on the stock. BidaskClub upgraded Workday from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Needham & Company LLC upgraded Workday from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, February 12th. Deutsche Bank upped their price objective on Workday from $105.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada upped their price objective on Workday to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Workday has an average rating of “Buy” and a consensus price target of $123.67.

Workday 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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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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