World Asset Management Inc increased its position in shares of Workday, Inc. (NYSE:WDAY) by 10.7% during the second quarter, Holdings Channel reports. The fund owned 5,943 shares of the software maker’s stock after buying an additional 575 shares during the period. World Asset Management Inc’s holdings in Workday were worth $576,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Winfield Associates Inc. raised its stake in Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after buying an additional 600 shares during the last quarter. Toronto Dominion Bank raised its stake in Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock worth $111,000 after buying an additional 304 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Workday during the first quarter worth about $124,000. Harbour Capital Advisors LLC bought a new stake in Workday during the first quarter worth about $152,000. Finally, FNY Managed Accounts LLC bought a new stake in Workday during the first quarter worth about $155,000.
Shares of Workday, Inc. (NYSE:WDAY) opened at 101.16 on Thursday. The stock’s market cap is $20.94 billion. Workday, Inc. has a 12-month low of $65.79 and a 12-month high of $106.75. The firm has a 50-day moving average price of $101.05 and a 200 day moving average price of $91.80.
Workday (NYSE:WDAY) last posted its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The company had revenue of $479.90 million during the quarter, compared to analyst estimates of $468.07 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. Workday’s revenue was up 38.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. Equities research analysts expect that Workday, Inc. will post $0.65 earnings per share for the current year.
A number of analysts recently issued reports on WDAY shares. Canaccord Genuity reiterated a “buy” rating and set a $115.00 price objective on shares of Workday in a research note on Friday, June 2nd. Drexel Hamilton restated a “buy” rating and issued a $114.00 target price on shares of Workday in a research note on Wednesday, May 31st. Vetr upgraded Workday from a “hold” rating to a “buy” rating and set a $93.50 target price on the stock in a research note on Monday, May 1st. UBS AG restated a “buy” rating and issued a $115.00 target price (up from $103.00) on shares of Workday in a research note on Friday, June 2nd. Finally, Bank of America Corporation restated a “buy” rating and issued a $114.00 target price (up from $96.00) on shares of Workday in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.37.
In other news, COO James Bozzini sold 6,132 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $102.71, for a total transaction of $629,817.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP James P. Shaughnessy sold 1,873 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $94.42, for a total value of $176,848.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,284,581 shares of company stock valued at $127,908,387. 37.71% of the stock is owned by company insiders.
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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NYSE:WDAY).
Receive News & Ratings for Workday Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday Inc. and related companies with MarketBeat.com's FREE daily email newsletter.