Prudential Financial Inc. raised its stake in Workday Inc (NYSE:WDAY) by 15.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,660 shares of the software maker’s stock after acquiring an additional 630 shares during the period. Prudential Financial Inc.’s holdings in Workday were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Paradigm Asset Management Co. LLC acquired a new position in Workday in the second quarter valued at $155,000. Aviva PLC boosted its stake in Workday by 5.5% in the second quarter. Aviva PLC now owns 80,209 shares of the software maker’s stock valued at $7,780,000 after acquiring an additional 4,190 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Workday by 22.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 413,348 shares of the software maker’s stock valued at $40,095,000 after acquiring an additional 76,615 shares in the last quarter. GAM Holding AG boosted its stake in Workday by 8.0% in the second quarter. GAM Holding AG now owns 4,523 shares of the software maker’s stock valued at $439,000 after acquiring an additional 335 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in Workday by 3.3% in the second quarter. Federated Investors Inc. PA now owns 1,322,300 shares of the software maker’s stock valued at $128,263,000 after acquiring an additional 41,800 shares in the last quarter. Institutional investors own 67.08% of the company’s stock.
In other Workday news, Director Michael A. Stankey sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $100.10, for a total transaction of $2,502,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robynne Sisco sold 5,262 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $102.75, for a total transaction of $540,670.50. The disclosure for this sale can be found here. Insiders have sold a total of 719,211 shares of company stock worth $77,520,886 over the last 90 days. 37.71% of the stock is owned by insiders.
Workday Inc (NYSE:WDAY) opened at 108.31 on Wednesday. The firm has a 50-day moving average of $105.68 and a 200-day moving average of $98.18. The stock’s market capitalization is $22.53 billion. Workday Inc has a one year low of $65.79 and a one year high of $111.45.
Workday (NYSE:WDAY) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The company had revenue of $525.30 million for the quarter, compared to the consensus estimate of $507.44 million. During the same period in the previous year, the firm earned ($0.04) EPS. Workday’s revenue was up 40.6% on a year-over-year basis. On average, equities research analysts forecast that Workday Inc will post $0.83 earnings per share for the current year.
Several research firms have issued reports on WDAY. Stifel Nicolaus restated a “hold” rating and issued a $92.00 price objective on shares of Workday in a research note on Tuesday, August 22nd. Canaccord Genuity restated 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 restated a “buy” rating on shares of Workday in a research note on Friday, October 6th. Piper Jaffray Companies restated a “buy” rating and issued a $115.00 price objective on shares of Workday in a research note on Tuesday, August 22nd. Finally, BidaskClub upgraded shares of Workday from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $99.06.
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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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