Alliancebernstein L.P. lifted its position in Workday Inc (NASDAQ:WDAY) by 49.2% in the 4th quarter, HoldingsChannel reports. The fund owned 126,100 shares of the software maker’s stock after buying an additional 41,568 shares during the period. Alliancebernstein L.P.’s holdings in Workday were worth $12,829,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of WDAY. FNY Managed Accounts LLC lifted its position in shares of Workday by 607.7% in the 3rd quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after acquiring an additional 1,185 shares in the last quarter. Advisor Group Inc. lifted its position in Workday by 53.2% in the 3rd quarter. Advisor Group Inc. now owns 1,965 shares of the software maker’s stock worth $208,000 after buying an additional 682 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Workday in the 3rd quarter worth approximately $208,000. Capital One National Association purchased a new stake in Workday in the 4th quarter worth approximately $219,000. Finally, Dubuque Bank & Trust Co. lifted its position in Workday by 7,406.3% in the 4th quarter. Dubuque Bank & Trust Co. now owns 2,402 shares of the software maker’s stock worth $244,000 after buying an additional 2,370 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.
WDAY stock opened at $127.64 on Friday. Workday Inc has a 12 month low of $80.76 and a 12 month high of $140.00. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.73. The stock has a market cap of $28,020.30, a price-to-earnings ratio of -82.88 and a beta of 1.86.
A number of research firms have issued reports on WDAY. Jefferies Group reiterated a “hold” rating and issued a $101.00 target price on shares of Workday in a research report on Friday, December 1st. Oppenheimer reiterated a “buy” rating and issued a $117.00 target price on shares of Workday in a research report on Thursday, November 30th. UBS set a $95.00 target price on shares of Workday and gave the stock a “sell” rating in a research report on Thursday, November 30th. BidaskClub downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, Wedbush reiterated a “neutral” rating and issued a $104.00 target price (down previously from $106.00) on shares of Workday in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $119.22.
In other Workday news, Director Michael A. Stankey sold 25,000 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $136.30, for a total value of $3,407,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director A George Battle sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $138.06, for a total transaction of $1,380,600.00. The disclosure for this sale can be found here. Insiders sold a total of 776,993 shares of company stock worth $87,996,470 over the last quarter. 37.71% of the stock is currently 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.
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