Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of Workday, Inc. (NASDAQ:WDAY – Get Rating) by 25.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,011 shares of the software maker's stock after selling 347 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Workday were worth $141,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WDAY. Riverview Trust Co bought a new stake in shares of Workday in the 1st quarter worth approximately $27,000. Whittier Trust Co. boosted its position in shares of Workday by 152.0% in the 1st quarter. Whittier Trust Co. now owns 126 shares of the software maker's stock worth $30,000 after purchasing an additional 76 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Workday in the 1st quarter worth approximately $31,000. Vigilant Capital Management LLC bought a new stake in shares of Workday in the 1st quarter worth approximately $36,000. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Workday in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 68.16% of the company's stock.
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Analysts Set New Price Targets
A number of brokerages have recently commented on WDAY. Mizuho boosted their price target on Workday from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Friday, August 26th. OTR Global cut Workday to a "mixed" rating in a research report on Tuesday, August 23rd. Credit Suisse Group lowered their price objective on Workday from $230.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, August 26th. Oppenheimer reaffirmed a "buy" rating and issued a $205.00 price objective on shares of Workday in a research report on Friday, August 26th. Finally, Monness Crespi & Hardt initiated coverage on Workday in a research report on Wednesday, September 14th. They issued a "buy" rating and a $200.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $240.40.
Workday Trading Down 0.4 %
Shares of WDAY stock opened at $156.26 on Friday. Workday, Inc. has a 52-week low of $134.10 and a 52-week high of $307.81. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $162.85 and a two-hundred day simple moving average of $152.76.
Workday (NASDAQ:WDAY – Get Rating) last issued its quarterly earnings results on Thursday, August 25th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.03. Workday had a negative return on equity of 2.34% and a negative net margin of 3.46%. During the same period last year, the firm posted $0.49 earnings per share. As a group, analysts forecast that Workday, Inc. will post -0.6 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Workday news, CFO Barbara A. Larson sold 1,962 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $138.49, for a total value of $271,717.38. Following the completion of the sale, the chief financial officer now owns 79,454 shares in the company, valued at approximately $11,003,584.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder David A. Duffield sold 102,500 shares of the firm's stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the completion of the transaction, the insider now owns 102,500 shares in the company, valued at $16,014,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Barbara A. Larson sold 1,962 shares of the firm's stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $138.49, for a total value of $271,717.38. Following the transaction, the chief financial officer now owns 79,454 shares of the company's stock, valued at approximately $11,003,584.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,789 shares of company stock worth $18,453,908. Corporate insiders own 21.74% of the company's stock.
Workday Profile
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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.
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