CWM Advisors LLC raised its stake in Workday Inc (NASDAQ:WDAY) by 21.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,169 shares of the software maker’s stock after buying an additional 564 shares during the quarter. CWM Advisors LLC’s holdings in Workday were worth $506,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Chartwell Investment Partners LLC purchased a new position in Workday in the fourth quarter valued at approximately $1,420,000. TD Asset Management Inc. lifted its holdings in Workday by 49.2% in the fourth quarter. TD Asset Management Inc. now owns 524,719 shares of the software maker’s stock valued at $83,787,000 after acquiring an additional 173,067 shares during the period. Advisors Asset Management Inc. lifted its holdings in Workday by 1,773.5% in the fourth quarter. Advisors Asset Management Inc. now owns 3,185 shares of the software maker’s stock valued at $509,000 after acquiring an additional 3,015 shares during the period. WESPAC Advisors LLC acquired a new position in shares of Workday during the 4th quarter worth $347,000. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Workday by 24.3% during the 4th quarter. Xact Kapitalforvaltning AB now owns 27,131 shares of the software maker’s stock worth $4,332,000 after buying an additional 5,300 shares during the last quarter. 67.95% of the stock is currently owned by institutional investors.
A number of research firms recently commented on WDAY. Cantor Fitzgerald set a $185.00 price objective on Workday and gave the stock a “buy” rating in a research report on Sunday, December 2nd. BidaskClub upgraded Workday from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 28th. Morgan Stanley boosted their price target on Workday from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, December 3rd. Credit Suisse Group boosted their price target on Workday from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, November 30th. Finally, Sanford C. Bernstein raised Workday from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a research report on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $157.37.
In other Workday news, insider Petros Dermetzis sold 3,743 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $165.48, for a total transaction of $619,391.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Bozzini sold 32,250 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $167.40, for a total value of $5,398,650.00. The disclosure for this sale can be found here. Insiders sold 999,158 shares of company stock worth $163,638,983 in the last ninety days. 33.59% of the stock is owned by company insiders.
Workday stock opened at $189.29 on Wednesday. Workday Inc has a 12 month low of $107.75 and a 12 month high of $190.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $41.09 billion, a PE ratio of -149.05 and a beta of 1.89.
Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, November 29th. The software maker reported $0.31 EPS for the quarter, beating the consensus estimate of ($0.45) by $0.76. Workday had a negative return on equity of 15.98% and a negative net margin of 15.40%. The company had revenue of $743.20 million for the quarter, compared to the consensus estimate of $723.38 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. On average, analysts anticipate that Workday Inc will post -1.05 EPS for the current year.
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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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