SG Americas Securities LLC trimmed its holdings in Workday Inc (NASDAQ:WDAY) by 82.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,280 shares of the software maker’s stock after selling 24,461 shares during the quarter. SG Americas Securities LLC’s holdings in Workday were worth $556,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. IBM Retirement Fund bought a new stake in shares of Workday in the 3rd quarter worth approximately $204,000. Janus Henderson Group PLC lifted its holdings 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 worth $100,701,000 after acquiring an additional 1,021,702 shares during the last quarter. First Trust Advisors LP lifted its holdings 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 worth $6,218,000 after acquiring an additional 49,483 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings 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 worth $1,152,000 after acquiring an additional 949 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of Workday by 7.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock worth $5,238,000 after acquiring an additional 3,600 shares during the last quarter. Hedge funds and other institutional investors own 67.58% of the company’s stock.
In other news, Director David A. Duffield sold 461,232 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through this link. Also, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $100.34, for a total transaction of $7,525,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,074,554 shares of company stock worth $115,462,465 over the last ninety days. Insiders own 37.71% of the company’s stock.
A number of equities research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Workday from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, August 17th. Stifel Nicolaus reiterated a “hold” rating and set a $92.00 price target on shares of Workday in a report on Tuesday, August 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $115.00 price target on shares of Workday in a report on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $116.00 price target on shares of Workday in a report on Sunday, August 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Workday in a report on Monday, August 28th. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $103.03.
Workday Inc (NASDAQ:WDAY) opened at $104.85 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.11 and a quick ratio of 2.11. Workday Inc has a 1-year low of $65.79 and a 1-year high of $116.89.
Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The firm had revenue of $555.40 million for the quarter, compared to the consensus estimate of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. equities analysts forecast that Workday Inc will post -1.1 EPS for the current fiscal year.
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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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