BlackRock Advisors LLC reduced its position in Workday Inc. (NYSE:WDAY) by 51.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 197,038 shares of the company’s stock after selling 209,793 shares during the period. BlackRock Advisors LLC owned 0.10% of Workday worth $14,713,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Workday during the second quarter worth approximately $651,000. Westpac Banking Corp boosted its stake in shares of Workday by 36.9% in the second quarter. Westpac Banking Corp now owns 5,455 shares of the company’s stock worth $407,000 after buying an additional 1,471 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Workday by 132.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,541 shares of the company’s stock worth $115,000 after buying an additional 877 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Workday by 7.5% in the second quarter. Vanguard Group Inc. now owns 8,269,840 shares of the company’s stock worth $617,509,000 after buying an additional 577,294 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Workday by 176.6% in the second quarter. Principal Financial Group Inc. now owns 21,893 shares of the company’s stock worth $1,635,000 after buying an additional 13,978 shares in the last quarter.
Workday Inc. (NYSE:WDAY) opened at 91.69 on Monday. The firm has a 50-day moving average of $86.38 and a 200 day moving average of $79.17. Workday Inc. has a 1-year low of $47.32 and a 1-year high of $92.46. The firm’s market cap is $18.34 billion.
Workday (NYSE:WDAY) last released its quarterly earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The firm had revenue of $377.70 million for the quarter, compared to analysts’ expectations of $372.68 million. During the same period last year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 33.6% on a year-over-year basis. On average, analysts predict that Workday Inc. will post ($0.03) EPS for the current year.
A number of analysts have commented on the company. Stephens lowered their price target on Workday from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, August 25th. First Analysis lowered Workday from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $87.00 to $88.00 in a research note on Thursday, August 25th. Canaccord Genuity lifted their price objective on Workday from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $78.00 price objective on shares of Workday in a research note on Saturday, August 13th. Finally, DA Davidson reiterated a “buy” rating and set a $99.00 price objective (up previously from $97.00) on shares of Workday in a research note on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have given a buy rating to the company. Workday presently has a consensus rating of “Hold” and an average price target of $85.56.
In other news, CFO Robynne Sisco sold 897 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $79.01, for a total value of $70,871.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Bozzini sold 12,500 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $90.50, for a total transaction of $1,131,250.00. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by insiders.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment.
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