Gemmer Asset Management LLC Increases Stake in Workday Inc (NASDAQ:WDAY)

Gemmer Asset Management LLC boosted its stake in shares of Workday Inc (NASDAQ:WDAY) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,419 shares of the software maker’s stock after acquiring an additional 168 shares during the quarter. Workday accounts for 0.5% of Gemmer Asset Management LLC’s holdings, making the stock its 28th largest position. Gemmer Asset Management LLC’s holdings in Workday were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. grew its holdings in Workday by 60.9% in the first quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock valued at $29,000 after purchasing an additional 56 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Workday by 149.2% in the first quarter. Lindbrook Capital LLC now owns 152 shares of the software maker’s stock worth $29,000 after acquiring an additional 91 shares during the last quarter. Advisory Alpha LLC acquired a new stake in shares of Workday in the first quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Workday in the first quarter worth approximately $31,000. Finally, Strategy Asset Managers LLC acquired a new stake in shares of Workday in the first quarter worth approximately $31,000. Institutional investors own 65.92% of the company’s stock.

A number of analysts have recently issued reports on the company. Wedbush lifted their price target on Workday from $209.00 to $211.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. JMP Securities reissued an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Workday in a research report on Wednesday, May 29th. KeyCorp reissued a “buy” rating and issued a $235.00 price target on shares of Workday in a research report on Wednesday, May 22nd. BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Finally, Needham & Company LLC increased their price target on shares of Cara Therapeutics from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Workday presently has a consensus rating of “Hold” and a consensus target price of $206.32.

Shares of NASDAQ:WDAY traded up $0.59 during trading on Friday, reaching $215.60. The stock had a trading volume of 41,164 shares, compared to its average volume of 1,337,938. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $213.13. The company has a market cap of $48.50 billion, a PE ratio of -177.05 and a beta of 1.56. Workday Inc has a 1-year low of $117.72 and a 1-year high of $226.83.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, May 28th. The software maker reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.03). The firm had revenue of $825.10 million for the quarter, compared to the consensus estimate of $814.21 million. Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. Workday’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Research analysts expect that Workday Inc will post -1.06 earnings per share for the current year.

In other Workday news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $193.14, for a total value of $57,942,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James P. Shaughnessy sold 1,327 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $219.01, for a total transaction of $290,626.27. The disclosure for this sale can be found here. Insiders sold a total of 757,346 shares of company stock valued at $154,821,963 in the last three months. Insiders own 29.80% of the company’s stock.

Workday Company Profile

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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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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