Winfield Associates Inc. Boosts Stake in Workday Inc (NASDAQ:WDAY)

Winfield Associates Inc. grew its stake in Workday Inc (NASDAQ:WDAY) by 61.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,425 shares of the software maker’s stock after buying an additional 1,300 shares during the period. Winfield Associates Inc.’s holdings in Workday were worth $582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Toth Financial Advisory Corp raised its holdings in shares of Workday by 3.3% in the second quarter. Toth Financial Advisory Corp now owns 1,566 shares of the software maker’s stock worth $322,000 after buying an additional 50 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in shares of Workday by 47.4% during the second quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock worth $34,000 after purchasing an additional 54 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Workday by 4.0% during the second quarter. Ballentine Partners LLC now owns 1,427 shares of the software maker’s stock worth $294,000 after purchasing an additional 55 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Workday by 0.3% during the second quarter. State of Alaska Department of Revenue now owns 17,007 shares of the software maker’s stock worth $3,496,000 after purchasing an additional 56 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of Workday by 23.9% during the second quarter. AdvisorNet Financial Inc now owns 347 shares of the software maker’s stock worth $71,000 after purchasing an additional 67 shares during the last quarter. 66.61% of the stock is owned by institutional investors and hedge funds.

In other news, insider Gomez Luciano Fernandez sold 7,344 shares of Workday stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $173.29, for a total value of $1,272,641.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Petros Dermetzis sold 3,556 shares of Workday stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $175.09, for a total transaction of $622,620.04. The disclosure for this sale can be found here. Insiders sold 1,073,544 shares of company stock valued at $184,548,032 in the last ninety days. 29.80% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on WDAY shares. Deutsche Bank reduced their target price on shares of Workday from $200.00 to $185.00 and set a “hold” rating for the company in a report on Wednesday. Stifel Nicolaus reduced their target price on shares of Workday from $210.00 to $180.00 in a report on Wednesday. Compass Point started coverage on shares of Workday in a report on Tuesday, August 13th. They set a “buy” rating and a $238.00 target price for the company. Northland Securities set a $225.00 target price on shares of Workday and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Citigroup raised shares of Workday from a “sell” rating to a “neutral” rating and raised their target price for the stock from $138.00 to $192.00 in a report on Friday, August 30th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $209.61.

WDAY traded down $2.57 on Thursday, reaching $157.89. The stock had a trading volume of 1,898,731 shares, compared to its average volume of 1,829,888. Workday Inc has a 12-month low of $117.72 and a 12-month high of $226.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $173.92 and its two-hundred day moving average price is $195.77. The company has a market cap of $41.09 billion, a P/E ratio of -129.42 and a beta of 1.53.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.05). Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The firm had revenue of $887.75 million during the quarter, compared to analysts’ expectations of $872.44 million. During the same period in the previous year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. As a group, analysts predict that Workday Inc will post -1.16 earnings per share for the current year.

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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