Veriti Management LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY – Get Rating) by 23.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,378 shares of the software maker’s stock after acquiring an additional 262 shares during the period. Veriti Management LLC’s holdings in Workday were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Maryland State Retirement & Pension System boosted its position in Workday by 1.8% in the first quarter. Maryland State Retirement & Pension System now owns 14,838 shares of the software maker’s stock worth $3,553,000 after purchasing an additional 268 shares during the last quarter. Nordea Investment Management AB boosted its position in Workday by 1.6% in the first quarter. Nordea Investment Management AB now owns 329,719 shares of the software maker’s stock worth $79,179,000 after purchasing an additional 5,179 shares during the last quarter. RB Capital Management LLC boosted its position in Workday by 2.8% in the first quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock worth $662,000 after purchasing an additional 76 shares during the last quarter. DNB Asset Management AS boosted its position in Workday by 7.7% in the first quarter. DNB Asset Management AS now owns 34,683 shares of the software maker’s stock worth $8,305,000 after purchasing an additional 2,492 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of Workday during the 1st quarter valued at $36,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of WDAY stock opened at $152.05 on Friday. The stock has a market capitalization of $38.62 billion, a PE ratio of -1,267.08 and a beta of 1.41. Workday, Inc. has a 1-year low of $134.53 and a 1-year high of $307.81. The business has a 50-day moving average of $173.31 and a 200 day moving average of $219.57. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.56.
Workday (NASDAQ:WDAY – Get Rating) last released its quarterly earnings data on Thursday, May 26th. The software maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.03). Workday had a positive return on equity of 1.34% and a negative net margin of 0.49%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted ($0.01) EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts anticipate that Workday, Inc. will post -0.66 EPS for the current year.
In other news, major shareholder David A. Duffield sold 102,500 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $142.63, for a total value of $14,619,575.00. Following the transaction, the insider now directly owns 205,000 shares in the company, valued at $29,239,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 209,657 shares of the business’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $238.52, for a total value of $50,007,387.64. Following the completion of the transaction, the insider now owns 104,395 shares in the company, valued at $24,900,295.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 357,134 shares of company stock valued at $74,313,908. 21.74% of the stock is owned by corporate insiders.
WDAY has been the topic of a number of recent research reports. KeyCorp dropped their price target on Workday from $229.00 to $207.00 and set an “overweight” rating on the stock in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Workday from $340.00 to $225.00 in a research report on Friday, May 27th. Wells Fargo & Company dropped their price target on Workday from $300.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 27th. Canaccord Genuity Group dropped their price target on Workday from $325.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Finally, Societe Generale raised Workday from a “hold” rating to a “buy” rating and upped their price target for the company from $306.00 to $309.00 in a research report on Tuesday, March 1st. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $255.58.
About Workday (Get Rating)
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.
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Read More: Veriti Management LLC Boosts Stock Position in Workday, Inc. (NASDAQ:WDAY)