Paulson & CO. Inc. Buys Shares of 38,600 Workday Inc (NYSE:WDAY)

Paulson & CO. Inc. bought a new stake in Workday Inc (NYSE:WDAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,600 shares of the software maker’s stock, valued at approximately $3,744,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WDAY. Winfield Associates Inc. boosted its stake 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 worth $101,000 after buying an additional 600 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Workday by 21.2% in the 2nd quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after buying an additional 185 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares during the last quarter. IFP Advisors Inc lifted its stake in Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after purchasing an additional 176 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after purchasing an additional 236 shares during the last quarter. 67.08% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP James P. Shaughnessy sold 8,781 shares of Workday stock in a transaction on Monday, October 16th. The shares were sold at an average price of $108.44, for a total value of $952,211.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark S. Peek sold 10,249 shares of Workday stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $102.00, for a total transaction of $1,045,398.00. The disclosure for this sale can be found here. Insiders sold 1,575,678 shares of company stock valued at $170,655,114 in the last quarter. 37.71% of the stock is owned by insiders.

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Shares of Workday Inc (NYSE WDAY) traded up 1.0416% during mid-day trading on Friday, reaching $108.2358. 540,928 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $106.24 and a 200 day moving average price of $100.02. The firm’s market capitalization is $22.51 billion. Workday Inc has a 12-month low of $65.79 and a 12-month high of $111.45.

Workday (NYSE:WDAY) last announced 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. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The firm had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $507.44 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. Analysts anticipate that Workday Inc will post $0.83 EPS for the current fiscal year.

Several equities analysts recently commented on the company. Credit Suisse Group reiterated a “neutral” rating and issued a $94.00 price objective on shares of Workday in a research note on Sunday, August 27th. Deutsche Bank AG reiterated a “hold” rating and issued a $105.00 price objective (up previously from $95.00) on shares of Workday in a research note on Thursday, August 31st. JPMorgan Chase & Co. upped their price objective on Workday to $115.00 and gave the company an “overweight” rating in a research note on Thursday, July 13th. BMO Capital Markets increased their target price on Workday from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, August 17th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $117.00 target price on shares of Workday in a research report on Monday, September 18th. Four investment analysts have rated the stock with a sell rating, twenty-one 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 an average price target of $100.00.

Workday 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.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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