Workday, Inc. $WDAY Shares Sold by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 6.5% during the second quarter, Holdings Channel reports. The institutional investor owned 39,221 shares of the software maker’s stock after selling 2,714 shares during the quarter. Cooper Creek Partners Management LLC’s holdings in Workday were worth $9,413,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Cerity Partners LLC grew its stake in shares of Workday by 5.6% during the 2nd quarter. Cerity Partners LLC now owns 87,231 shares of the software maker’s stock worth $20,935,000 after purchasing an additional 4,620 shares during the period. Avestar Capital LLC boosted its holdings in Workday by 42.6% during the second quarter. Avestar Capital LLC now owns 2,013 shares of the software maker’s stock worth $483,000 after buying an additional 601 shares in the last quarter. Amundi grew its position in Workday by 36.8% during the second quarter. Amundi now owns 1,226,710 shares of the software maker’s stock worth $291,638,000 after buying an additional 329,732 shares during the period. Mirabella Financial Services LLP lifted its position in shares of Workday by 40.8% during the 2nd quarter. Mirabella Financial Services LLP now owns 6,896 shares of the software maker’s stock valued at $1,655,000 after acquiring an additional 2,000 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Workday by 28.5% during the 2nd quarter. Guggenheim Capital LLC now owns 118,781 shares of the software maker’s stock worth $28,507,000 after acquiring an additional 26,364 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the transaction, the chief financial officer directly owned 168,468 shares in the company, valued at approximately $39,189,026.16. The trade was a 3.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total value of $547,218.40. Following the transaction, the insider directly owned 90,077 shares in the company, valued at approximately $21,246,461.99. This represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 346,958 shares of company stock worth $78,880,645 in the last three months. 19.31% of the stock is currently owned by company insiders.

Workday Trading Up 1.5%

Shares of WDAY stock opened at $219.96 on Friday. The company has a market capitalization of $57.85 billion, a price-to-earnings ratio of 92.42, a PEG ratio of 2.66 and a beta of 1.15. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $230.51 and a 200 day moving average price of $233.71. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.89 EPS. Research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Canaccord Genuity Group dropped their price objective on Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Morgan Stanley raised their price target on Workday from $255.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. Raymond James Financial assumed coverage on shares of Workday in a research report on Friday, November 21st. They issued a “market perform” rating on the stock. Oppenheimer reissued an “outperform” rating on shares of Workday in a research note on Wednesday, November 26th. Finally, Sanford C. Bernstein cut their target price on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $281.16.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.