HB Wealth Management LLC boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY – Get Rating) by 9.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,281 shares of the software maker's stock after acquiring an additional 521 shares during the quarter. HB Wealth Management LLC's holdings in Workday were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Workday by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 12,152,961 shares of the software maker's stock worth $2,910,149,000 after acquiring an additional 139,939 shares during the period. Lone Pine Capital LLC lifted its holdings in shares of Workday by 16.9% in the 4th quarter. Lone Pine Capital LLC now owns 5,814,667 shares of the software maker's stock valued at $1,588,451,000 after buying an additional 840,799 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Workday by 6.2% in the 1st quarter. Clearbridge Investments LLC now owns 3,427,755 shares of the software maker's stock valued at $820,810,000 after buying an additional 201,605 shares during the period. Sustainable Growth Advisers LP lifted its holdings in shares of Workday by 6.2% in the 1st quarter. Sustainable Growth Advisers LP now owns 2,970,385 shares of the software maker's stock valued at $711,288,000 after buying an additional 172,194 shares during the period. Finally, Norges Bank acquired a new stake in shares of Workday in the 4th quarter valued at approximately $688,093,000. 68.16% of the stock is owned by institutional investors and hedge funds.
Get Workday alerts:Workday Price Performance
Shares of NASDAQ:WDAY opened at $151.24 on Friday. The business has a fifty day simple moving average of $163.09 and a 200-day simple moving average of $152.82. Workday, Inc. has a 52 week low of $134.10 and a 52 week high of $307.81. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The company has a market cap of $38.72 billion, a P/E ratio of -193.90 and a beta of 1.35.
Workday (NASDAQ:WDAY – Get Rating) last posted its quarterly earnings results on Thursday, August 25th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm earned $0.49 earnings per share. Equities research analysts forecast that Workday, Inc. will post -0.61 EPS for the current year.Insider Buying and Selling at Workday
In other Workday news, COO James Bozzini sold 5,030 shares of the business's stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction of $696,604.70. Following the completion of the sale, the chief operating officer now owns 172,640 shares of the company's stock, valued at $23,908,913.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 102,500 shares of the business'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 transaction, the insider now owns 102,500 shares in the company, valued at $16,014,600. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO James Bozzini sold 5,030 shares of the business's stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $138.49, for a total value of $696,604.70. Following the transaction, the chief operating officer now owns 172,640 shares in the company, valued at approximately $23,908,913.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,789 shares of company stock valued at $18,453,908. Company insiders own 21.74% of the company's stock.
Wall Street Analyst Weigh In
WDAY has been the subject of several recent analyst reports. Wolfe Research raised their price target on Workday from $210.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, August 26th. BMO Capital Markets reduced their price target on Workday from $239.00 to $217.00 and set an "outperform" rating for the company in a report on Friday, August 26th. TheStreet cut Workday from a "c-" rating to a "d+" rating in a report on Friday, August 26th. Needham & Company LLC lifted their price objective on Workday from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, August 26th. Finally, Morgan Stanley reduced their price objective on Workday from $310.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, August 16th. One equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $240.40.
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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