Fred Alger Management Inc. reduced its stake in Workday Inc (NASDAQ:WDAY) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,511 shares of the software maker’s stock after selling 3,119 shares during the quarter. Fred Alger Management Inc.’s holdings in Workday were worth $1,782,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of WDAY. Dimensional Fund Advisors LP lifted its stake in shares of Workday by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 101,724 shares of the software maker’s stock worth $9,867,000 after acquiring an additional 2,797 shares during the period. Aperio Group LLC lifted its stake in Workday by 21.6% in the third quarter. Aperio Group LLC now owns 19,632 shares of the software maker’s stock valued at $2,069,000 after buying an additional 3,492 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Workday in the third quarter valued at approximately $328,000. Swiss National Bank lifted its stake in Workday by 6.1% in the third quarter. Swiss National Bank now owns 483,300 shares of the software maker’s stock valued at $50,935,000 after buying an additional 27,900 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its stake in Workday by 6.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 8,187 shares of the software maker’s stock valued at $863,000 after buying an additional 498 shares during the period. 70.01% of the stock is currently owned by institutional investors.
In related news, CEO Aneel Bhusri sold 9,911 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $111.00, for a total transaction of $1,100,121.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,029,100.00. The disclosure for this sale can be found here. Insiders have sold 761,764 shares of company stock valued at $84,976,267 in the last quarter. 37.71% of the stock is currently owned by corporate insiders.
Shares of Workday Inc (WDAY) opened at $137.34 on Wednesday. Workday Inc has a 1-year low of $80.61 and a 1-year high of $140.00. The stock has a market capitalization of $29,150.00, a price-to-earnings ratio of -89.18 and a beta of 1.86. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74.
Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. Workday had a negative return on equity of 16.80% and a negative net margin of 14.99%. The business had revenue of $582.48 million during the quarter, compared to the consensus estimate of $573.41 million. analysts forecast that Workday Inc will post -1.23 EPS for the current fiscal year.
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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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