Greenleaf Trust grew its position in shares of Workday Inc (NASDAQ:WDAY) by 6.7% in the 1st quarter, Holdings Channel reports. The fund owned 1,474 shares of the software maker’s stock after buying an additional 92 shares during the quarter. Greenleaf Trust’s holdings in Workday were worth $284,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of WDAY. Shine Investment Advisory Services Inc. increased its position in shares of Workday by 60.9% during the first quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock valued at $29,000 after buying an additional 56 shares during the period. Lindbrook Capital LLC increased its position in shares of Workday by 149.2% during the first quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock valued at $29,000 after buying an additional 91 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Workday during the fourth quarter valued at about $26,000. Captrust Financial Advisors increased its position in shares of Workday by 60.0% during the fourth quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after buying an additional 60 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Workday during the first quarter valued at about $31,000. 85.43% of the stock is owned by hedge funds and other institutional investors.
In other news, Director David A. Duffield sold 1,054 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $205.21, for a total transaction of $216,291.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robynne Sisco sold 926 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $189.35, for a total transaction of $175,338.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,126,562 shares of company stock worth $208,547,706. Corporate insiders own 29.80% of the company’s stock.
Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, February 28th. The software maker reported ($0.29) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.02. Workday had a negative net margin of 14.82% and a negative return on equity of 14.75%. The firm had revenue of $788.63 million for the quarter, compared to analysts’ expectations of $776.84 million. As a group, equities analysts predict that Workday Inc will post -1.2 earnings per share for the current year.
WDAY has been the topic of several research analyst reports. KeyCorp boosted their price target on shares of Workday from $179.00 to $216.00 and gave the company an “overweight” rating in a research report on Monday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target (up previously from $170.00) on shares of Workday in a research report on Friday, March 1st. BMO Capital Markets reiterated an “outperform” rating and set a $215.00 price target on shares of Workday in a research report on Friday, March 1st. Deutsche Bank boosted their price target on shares of Workday from $155.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $220.00 price target on shares of Workday in a research report on Wednesday, February 27th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. Workday presently has a consensus rating of “Buy” and an average price target of $186.00.
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Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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