Columbus Circle Investors raised its stake in Workday Inc (NASDAQ:WDAY) by 41.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,604 shares of the software maker’s stock after purchasing an additional 18,277 shares during the quarter. Columbus Circle Investors’ holdings in Workday were worth $12,073,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Shine Investment Advisory Services Inc. raised its stake in shares of Workday by 60.9% in the first quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock worth $29,000 after purchasing an additional 56 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Workday in the fourth quarter worth approximately $26,000. Captrust Financial Advisors grew its holdings in shares of Workday by 60.0% in the fourth quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after acquiring an additional 60 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Workday in the first quarter valued at approximately $31,000. Finally, North Star Investment Management Corp. grew its holdings in shares of Workday by 100.0% in the fourth quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. 69.74% of the stock is owned by hedge funds and other institutional investors.
WDAY has been the subject of several recent analyst reports. Atlantic Securities initiated coverage on Workday in a report on Wednesday, January 9th. They issued an “overweight” rating and a $206.00 target price for the company. KeyCorp upped their target price on Workday from $179.00 to $216.00 and gave the company an “overweight” rating in a report on Monday, February 11th. Cowen raised Workday from a “market perform” rating to an “outperform” rating and upped their target price for the company from $160.00 to $225.00 in a report on Friday, February 15th. BMO Capital Markets upped their target price on Workday to $215.00 and gave the company a “market perform” rating in a report on Friday, February 22nd. They noted that the move was a valuation call. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $220.00 target price (up from $185.00) on shares of Workday in a report on Tuesday, February 26th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Workday has an average rating of “Buy” and an average price target of $185.69.
In other Workday news, CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $179.58, for a total transaction of $53,874,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robynne Sisco sold 926 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $189.35, for a total value of $175,338.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,125,508 shares of company stock valued at $208,331,415. 33.59% of the stock is owned by corporate insiders.
Shares of NASDAQ WDAY opened at $189.37 on Tuesday. Workday Inc has a 1-year low of $117.24 and a 1-year high of $200.00. The firm has a market cap of $41.66 billion, a price-to-earnings ratio of -155.22 and a beta of 1.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 1.11.
Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, February 28th. The software maker reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.02. Workday had a negative return on equity of 14.75% and a negative net margin of 14.82%. The business had revenue of $788.63 million during the quarter, compared to analyst estimates of $776.84 million. Analysts anticipate that Workday Inc will post -1.2 earnings per share for the current year.
Workday Company Profile
Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.
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