Federated Investors Inc. PA increased its stake in Workday, Inc. (NASDAQ:WDAY) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296,567 shares of the software maker’s stock after acquiring an additional 236,811 shares during the period. Federated Investors Inc. PA owned approximately 0.61% of Workday worth $164,807,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. KBC Group NV boosted its holdings in shares of Workday by 14.0% in the first quarter. KBC Group NV now owns 343,995 shares of the software maker’s stock valued at $43,725,000 after acquiring an additional 42,340 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of Workday in the first quarter valued at approximately $4,899,000. Twin Tree Management LP boosted its holdings in shares of Workday by 112.5% in the first quarter. Twin Tree Management LP now owns 957 shares of the software maker’s stock valued at $122,000 after acquiring an additional 8,609 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Workday by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,603 shares of the software maker’s stock valued at $1,094,000 after acquiring an additional 368 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its holdings in shares of Workday by 44.3% in the first quarter. KCM Investment Advisors LLC now owns 3,304 shares of the software maker’s stock valued at $420,000 after acquiring an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.
In other Workday news, Director Michael A. Stankey sold 8,066 shares of the stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $127.28, for a total value of $1,026,640.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robynne Sisco sold 9,503 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $127.13, for a total transaction of $1,208,116.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 673,318 shares of company stock valued at $85,639,988. Insiders own 33.59% of the company’s stock.
Shares of NASDAQ:WDAY opened at $134.48 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $28.51 billion, a P/E ratio of -105.89 and a beta of 1.80. Workday, Inc. has a 52 week low of $92.79 and a 52 week high of $140.00.
Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The business had revenue of $582.48 million during the quarter, compared to the consensus estimate of $573.41 million. Workday had a negative net margin of 14.99% and a negative return on equity of 16.31%. research analysts expect that Workday, Inc. will post -1.24 earnings per share for the current year.
Several research analysts have recently issued reports on WDAY shares. Cleveland Research started coverage on shares of Workday in a report on Wednesday, January 31st. They issued a “buy” rating for the company. Citigroup increased their price objective on shares of Workday from $85.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, March 1st. KeyCorp increased their price objective on shares of Workday from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. BidaskClub cut shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 26th. Finally, Needham & Company LLC upgraded shares of Workday from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $124.42.
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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