Workday Inc (NASDAQ:WDAY) Position Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in shares of Workday Inc (NASDAQ:WDAY) by 5,020.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,994 shares of the software maker’s stock after purchasing an additional 3,916 shares during the period. Tower Research Capital LLC TRC’s holdings in Workday were worth $679,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Toth Financial Advisory Corp increased its stake in Workday by 3.3% during the second quarter. Toth Financial Advisory Corp now owns 1,566 shares of the software maker’s stock valued at $322,000 after purchasing an additional 50 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in Workday by 47.4% during the second quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock valued at $34,000 after purchasing an additional 54 shares during the last quarter. Ballentine Partners LLC increased its stake in Workday by 4.0% during the second quarter. Ballentine Partners LLC now owns 1,427 shares of the software maker’s stock valued at $294,000 after purchasing an additional 55 shares during the last quarter. State of Alaska Department of Revenue increased its stake in 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 valued at $3,496,000 after purchasing an additional 56 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in Workday by 23.9% during the second quarter. AdvisorNet Financial Inc now owns 347 shares of the software maker’s stock valued at $71,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 66.89% of the company’s stock.

WDAY stock opened at $165.98 on Friday. The company has a 50-day simple moving average of $165.88 and a 200 day simple moving average of $191.17. Workday Inc has a fifty-two week low of $117.72 and a fifty-two week high of $226.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.05). The company had revenue of $887.75 million during the quarter, compared to analyst estimates of $872.44 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. The business’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. On average, equities research analysts predict that Workday Inc will post -1.17 EPS for the current year.

In related news, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $175.27, for a total value of $52,581,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Duffield sold 300,785 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.27, for a total transaction of $50,011,521.95. The disclosure for this sale can be found here. Insiders sold 1,099,707 shares of company stock valued at $189,341,183 in the last ninety days. Corporate insiders own 29.80% of the company’s stock.

Several research firms have weighed in on WDAY. Stifel Nicolaus lowered their target price on shares of Workday from $210.00 to $180.00 in a research note on Wednesday, October 16th. Wells Fargo & Co set a $210.00 price target on shares of Workday and gave the company a “buy” rating in a report on Friday, August 30th. Piper Jaffray Companies reissued a “neutral” rating on shares of Workday in a report on Wednesday. KeyCorp set a $235.00 price target on shares of Workday and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Guggenheim set a $235.00 price target on shares of Workday and gave the company a “buy” rating in a report on Thursday, October 17th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $211.36.

Workday 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.

See Also: Liquidity

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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