ETF Managers Group LLC raised its position in shares of Workday Inc (NASDAQ:WDAY) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,124 shares of the software maker’s stock after buying an additional 83 shares during the quarter. ETF Managers Group LLC’s holdings in Workday were worth $217,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of Workday by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 547,832 shares of the software maker’s stock valued at $79,972,000 after purchasing an additional 10,756 shares during the last quarter. Vanguard Group Inc raised its position in shares of Workday by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 12,604,769 shares of the software maker’s stock valued at $1,840,044,000 after purchasing an additional 98,167 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Workday in the 4th quarter valued at approximately $507,000. Nisa Investment Advisors LLC raised its position in shares of Workday by 633.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,265 shares of the software maker’s stock valued at $1,639,000 after purchasing an additional 8,865 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Workday by 7.2% in the 4th quarter. Bank of Montreal Can now owns 134,223 shares of the software maker’s stock valued at $21,433,000 after purchasing an additional 9,023 shares during the last quarter. 67.23% of the stock is owned by institutional investors and hedge funds.
In other Workday news, CEO Aneel Bhusri sold 17,250 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $193.00, for a total value of $3,329,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James P. Shaughnessy sold 4,800 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $194.83, for a total value of $935,184.00. The disclosure for this sale can be found here. Insiders sold a total of 667,662 shares of company stock worth $129,194,842 in the last 90 days. 29.80% of the stock is currently owned by insiders.
WDAY stock traded down $0.46 during midday trading on Friday, reaching $208.00. The stock had a trading volume of 1,019,048 shares, compared to its average volume of 1,846,371. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $47.16 billion, a P/E ratio of -170.49 and a beta of 1.68. Workday Inc has a 52-week low of $117.24 and a 52-week high of $217.63.
Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, May 28th. The software maker reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.03). The firm had revenue of $825.10 million during the quarter, compared to analysts’ expectations of $814.21 million. Workday had a negative net margin of 15.19% and a negative return on equity of 14.92%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. On average, equities analysts forecast that Workday Inc will post -1.04 earnings per share for the current year.
WDAY has been the subject of several research analyst reports. Cowen raised shares of Workday from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $160.00 to $225.00 in a research report on Friday, February 15th. BMO Capital Markets increased their price target on shares of Workday to $215.00 and gave the stock a “market perform” rating in a report on Friday, February 22nd. They noted that the move was a valuation call. Monness Crespi & Hardt reiterated a “buy” rating and issued a $220.00 price target (up previously from $185.00) on shares of Workday in a report on Tuesday, February 26th. Oppenheimer increased their price target on shares of Workday from $185.00 to $216.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $220.00 price target on shares of Workday in a report on Wednesday, February 27th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $206.32.
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Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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