Driehaus Capital Management LLC raised its holdings in shares of Workday Inc (NASDAQ:WDAY) by 442.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,041 shares of the software maker’s stock after buying an additional 9,006 shares during the period. Driehaus Capital Management LLC’s holdings in Workday were worth $1,123,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Workday by 8.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 250,709 shares of the software maker’s stock valued at $25,508,000 after buying an additional 19,446 shares during the period. IBM Retirement Fund purchased a new position in shares of Workday during the third quarter valued at approximately $204,000. Beech Hill Advisors Inc. purchased a new stake in shares of Workday in the fourth quarter valued at approximately $275,000. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Workday by 3.2% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 610,443 shares of the software maker’s stock valued at $62,106,000 after purchasing an additional 19,122 shares during the period. Finally, National Pension Service boosted its holdings in shares of Workday by 2.0% in the fourth quarter. National Pension Service now owns 147,624 shares of the software maker’s stock valued at $15,019,000 after purchasing an additional 2,871 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.
A number of analysts recently issued reports on WDAY shares. BidaskClub lowered Workday from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Drexel Hamilton reiterated a “buy” rating and issued a $133.00 price target on shares of Workday in a report on Wednesday, November 29th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $120.00 price target on shares of Workday in a report on Tuesday, November 28th. Bank of America boosted their price target on Workday from $123.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 27th. Finally, Oppenheimer reiterated a “buy” rating and issued a $117.00 price target on shares of Workday in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $119.22.
Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $582.48 million for the quarter, compared to the consensus estimate of $573.41 million. Workday had a negative return on equity of 16.80% and a negative net margin of 14.99%. equities research analysts anticipate that Workday Inc will post -1.23 EPS for the current year.
In other news, Director George J. Still, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $102.91, for a total transaction of $1,029,100.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robynne Sisco sold 5,061 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $110.53, for a total value of $559,392.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 761,764 shares of company stock worth $84,976,267. Insiders own 37.71% of the company’s stock.
Workday Company Profile
Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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