CIBC Asset Management Inc grew its position in Workday, Inc. (NASDAQ:WDAY) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,939 shares of the software maker’s stock after purchasing an additional 970 shares during the quarter. CIBC Asset Management Inc’s holdings in Workday were worth $942,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Winfield Associates Inc. raised its holdings in shares of Workday by 136.4% in the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after purchasing an additional 600 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Workday by 6,210.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock valued at $100,701,000 after buying an additional 1,021,702 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Workday by 47.0% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock valued at $55,650,000 after buying an additional 183,444 shares during the last quarter. First Trust Advisors LP grew its position in shares of Workday by 338.4% in 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 during the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in shares of Workday by 9.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,933 shares of the software maker’s stock valued at $1,152,000 after buying an additional 949 shares during the last quarter. Institutional investors and hedge funds own 67.11% of the company’s stock.
A number of research firms recently commented on WDAY. Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and issued a $116.00 target price (up from $106.00) on shares of Workday in a research report on Thursday, August 31st. Cowen and Company reaffirmed a “market perform” rating and issued a $100.00 target price (up from $93.00) on shares of Workday in a research report on Thursday, August 31st. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Workday in a research report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 target price on shares of Workday in a research report on Tuesday, August 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Workday in a research report on Thursday, August 31st. Five investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $99.79.
Workday, Inc. (NASDAQ WDAY) opened at $111.68 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.54 and a quick ratio of 1.54. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $112.80.
Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The business had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 19.78% and a negative return on equity of 24.07%. The company’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. analysts expect that Workday, Inc. will post -1.33 earnings per share for the current fiscal year.
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In other news, Director David A. Duffield sold 461,232 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $108.44, for a total value of $50,015,998.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James P. Shaughnessy sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $104.88, for a total transaction of $629,280.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,542,724 shares of company stock valued at $167,301,313. Company insiders own 37.71% of the company’s stock.
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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