IFM Investors Pty Ltd lifted its position in shares of Workday, Inc. (NASDAQ:WDAY – Get Rating) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,399 shares of the software maker's stock after buying an additional 1,092 shares during the quarter. IFM Investors Pty Ltd's holdings in Workday were worth $4,662,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Wetherby Asset Management Inc. grew its holdings in Workday by 0.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,284 shares of the software maker's stock worth $4,449,000 after purchasing an additional 49 shares during the period. Siemens Fonds Invest GmbH grew its holdings in Workday by 1.0% in the first quarter. Siemens Fonds Invest GmbH now owns 5,807 shares of the software maker's stock worth $1,391,000 after purchasing an additional 60 shares during the period. First National Trust Co grew its holdings in Workday by 7.0% in the first quarter. First National Trust Co now owns 1,137 shares of the software maker's stock worth $272,000 after purchasing an additional 74 shares during the period. Yousif Capital Management LLC grew its holdings in Workday by 2.7% in the first quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker's stock worth $674,000 after purchasing an additional 74 shares during the period. Finally, Whittier Trust Co. grew its holdings in Workday by 152.0% in the first quarter. Whittier Trust Co. now owns 126 shares of the software maker's stock worth $30,000 after purchasing an additional 76 shares during the period. 68.16% of the stock is currently owned by institutional investors and hedge funds.
Get Workday alerts:Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Credit Suisse Group reduced their price target on shares of Workday from $230.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, August 26th. Wolfe Research raised their price objective on shares of Workday from $210.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 26th. Guggenheim raised their price objective on shares of Workday from $134.00 to $142.00 and gave the company a "sell" rating in a research note on Friday, August 26th. Morgan Stanley dropped their price objective on shares of Workday from $310.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 16th. Finally, BMO Capital Markets dropped their price objective on shares of Workday from $239.00 to $217.00 and set an "outperform" rating on the stock in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $240.40.
Insider Transactions at Workday
In other news, CEO Gomez Luciano Fernandez sold 2,046 shares of Workday stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $158.32, for a total value of $323,922.72. Following the completion of the transaction, the chief executive officer now owns 257,656 shares in the company, valued at $40,792,097.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Douglas A. Robinson sold 221 shares of the business's stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $158.32, for a total transaction of $34,988.72. Following the completion of the transaction, the insider now owns 134,673 shares of the company's stock, valued at $21,321,429.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gomez Luciano Fernandez sold 2,046 shares of the business's stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $158.32, for a total transaction of $323,922.72. Following the transaction, the chief executive officer now directly owns 257,656 shares of the company's stock, valued at approximately $40,792,097.92. The disclosure for this sale can be found here. Insiders sold 119,789 shares of company stock worth $18,453,908 over the last quarter. Corporate insiders own 21.74% of the company's stock.Workday Trading Up 0.5 %
WDAY opened at $151.24 on Friday. 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 firm has a 50-day moving average price of $163.09 and a 200-day moving average price of $152.82. Workday, Inc. has a twelve month low of $134.10 and a twelve month high of $307.81.
Workday (NASDAQ:WDAY – Get Rating) last posted its earnings results on Thursday, August 25th. The software maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, analysts predict that Workday, Inc. will post -0.61 EPS for the current year.
Workday Company 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.
Further Reading
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