CWM Advisors LLC boosted its position in shares of Workday Inc (NASDAQ:WDAY) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,652 shares of the software maker’s stock after acquiring an additional 362 shares during the period. CWM Advisors LLC’s holdings in Workday were worth $751,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Jennison Associates LLC grew its position in Workday by 6.8% during the 1st quarter. Jennison Associates LLC now owns 8,716,482 shares of the software maker’s stock valued at $1,680,974,000 after purchasing an additional 552,280 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Workday by 5.6% during the first quarter. Blair William & Co. IL now owns 1,077,343 shares of the software maker’s stock worth $207,766,000 after purchasing an additional 57,358 shares during the last quarter. Northern Trust Corp lifted its position in shares of Workday by 3.3% during the first quarter. Northern Trust Corp now owns 1,019,275 shares of the software maker’s stock worth $196,566,000 after purchasing an additional 32,907 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Workday by 8.5% in the first quarter. First Trust Advisors LP now owns 673,358 shares of the software maker’s stock valued at $129,857,000 after acquiring an additional 52,495 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Workday by 9.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 613,936 shares of the software maker’s stock valued at $118,398,000 after acquiring an additional 51,588 shares in the last quarter. 65.99% of the stock is owned by institutional investors.
WDAY has been the topic of a number of recent research reports. Bank of America upped their target price on Workday from $234.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank boosted their price target on Workday from $190.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, May 29th. Mitsubishi UFJ Financial Group upped their target price on Workday from $215.00 to $244.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Morgan Stanley increased their price objective on Workday from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Finally, Oppenheimer increased their price objective on Workday from $216.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Six analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $207.31.
In other news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $193.14, for a total value of $57,942,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Petros Dermetzis sold 3,500 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $205.32, for a total value of $718,620.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 756,292 shares of company stock valued at $154,605,671. 29.80% of the stock is currently owned by insiders.
Workday stock opened at $185.99 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. Workday Inc has a 1-year low of $117.72 and a 1-year high of $226.83. The company has a market cap of $43.43 billion, a PE ratio of -152.45 and a beta of 1.54. The stock’s 50 day moving average price is $207.77 and its 200 day moving average price is $199.61.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, May 28th. The software maker reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.03). The business had revenue of $825.10 million during the quarter, compared to analysts’ expectations of $814.21 million. Workday had a negative net margin of 15.19% and a negative return on equity of 14.92%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities research analysts anticipate that Workday Inc will post -1.06 EPS for the current fiscal year.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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