ETRADE Capital Management LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,530 shares of the software maker’s stock, valued at approximately $257,000.
Other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its position in shares of Workday by 8.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 250,709 shares of the software maker’s stock worth $25,508,000 after purchasing an additional 19,446 shares during the period. IBM Retirement Fund purchased a new stake in shares of Workday in the 3rd quarter worth approximately $204,000. Beech Hill Advisors Inc. purchased a new stake in shares of Workday in the 4th quarter worth approximately $275,000. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Workday by 3.2% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 610,443 shares of the software maker’s stock worth $62,106,000 after purchasing an additional 19,122 shares during the period. Finally, US Bancorp DE lifted its position in shares of Workday by 7.1% in the 4th quarter. US Bancorp DE now owns 14,841 shares of the software maker’s stock worth $1,511,000 after purchasing an additional 985 shares during the period. 70.00% of the stock is owned by institutional investors.
In related news, COO James Bozzini sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $127.15, for a total transaction of $1,907,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Duffield sold 458,496 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $109.09, for a total transaction of $50,017,328.64. The disclosure for this sale can be found here. Insiders sold 721,980 shares of company stock valued at $83,256,516 over the last quarter. Company insiders own 37.71% of the company’s stock.
Several research analysts recently commented on WDAY shares. Royal Bank of Canada boosted their price objective on shares of Workday to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Cowen reiterated a “market perform” rating and set a $117.00 price objective (up previously from $107.00) on shares of Workday in a research note on Thursday, February 22nd. Macquarie upgraded shares of Workday from an “underperform” rating to a “neutral” rating in a research note on Monday, February 26th. Canaccord Genuity reiterated a “buy” rating and set a $145.00 price objective (up previously from $125.00) on shares of Workday in a research note on Wednesday, February 28th. Finally, BidaskClub upgraded shares of Workday from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $119.22.
WDAY opened at $122.58 on Friday. The firm has a market cap of $26,468.40, a price-to-earnings ratio of -96.52 and a beta of 1.80. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.73. Workday, Inc. has a 52-week low of $80.76 and a 52-week high of $140.00.
Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.09. The business had revenue of $582.48 million during the quarter, compared to analysts’ expectations of $573.41 million. Workday had a negative net margin of 14.99% and a negative return on equity of 16.31%. research analysts anticipate that Workday, Inc. will post -1.24 earnings per share for the current fiscal year.
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Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.
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