Glynn Capital Management LLC reduced its stake in Workday Inc (NASDAQ:WDAY) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,716 shares of the software maker’s stock after selling 22,598 shares during the period. Workday accounts for 4.9% of Glynn Capital Management LLC’s holdings, making the stock its 7th biggest holding. Glynn Capital Management LLC owned about 0.11% of Workday worth $22,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. grew its stake in Workday by 22.5% in the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock worth $123,000 after acquiring an additional 236 shares in the last quarter. FNY Managed Accounts LLC grew its stake in Workday by 607.7% in the 3rd quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,185 shares in the last quarter. Toronto Dominion Bank grew its stake in Workday by 15.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock worth $149,000 after acquiring an additional 201 shares in the last quarter. IBM Retirement Fund bought a new position in Workday in the 3rd quarter worth about $204,000. Finally, BlueSky Wealth Advisors LLC bought a new position in Workday in the 3rd quarter worth about $206,000. Institutional investors and hedge funds own 66.90% of the company’s stock.
Workday Inc (NASDAQ:WDAY) opened at $112.90 on Tuesday. The stock has a market cap of $23,709.00, a price-to-earnings ratio of -68.84 and a beta of 1.83. Workday Inc has a fifty-two week low of $79.11 and a fifty-two week high of $116.89. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The business had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. sell-side analysts expect that Workday Inc will post -1.1 EPS for the current year.
In related news, Director Michael A. Stankey sold 12,500 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $102.10, for a total transaction of $1,276,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip W. Wilmington sold 11,430 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $102.68, for a total transaction of $1,173,632.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,154,677 shares of company stock valued at $122,005,327. Corporate insiders own 37.71% of the company’s stock.
WDAY has been the topic of a number of research analyst reports. Guggenheim initiated coverage on shares of Workday in a research note on Monday, October 30th. They issued a “neutral” rating and a $105.00 target price on the stock. UBS Group restated a “sell” rating and issued a $95.00 target price (down from $121.00) on shares of Workday in a research note on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and set a $114.00 price objective on shares of Workday in a research note on Friday, November 10th. Barclays increased their price objective on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Finally, JMP Securities downgraded shares of Workday from a “market outperform” rating to a “market perform” rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $106.81.
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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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