Gulf International Bank UK Ltd grew its holdings in Workday Inc (NASDAQ:WDAY) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,210 shares of the software maker’s stock after acquiring an additional 8,150 shares during the period. Gulf International Bank UK Ltd’s holdings in Workday were worth $7,329,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Workday by 55.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock valued at $170,000 after acquiring an additional 500 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Workday in the 3rd quarter valued at $185,000. Mirador Capital Partners LP purchased a new stake in shares of Workday in the 2nd quarter valued at $200,000. Athena Capital Advisors LLC purchased a new stake in shares of Workday in the 3rd quarter valued at $202,000. Finally, Grassi Investment Management purchased a new stake in shares of Workday in the 3rd quarter valued at $215,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on WDAY. Canaccord Genuity upped their price objective on shares of Workday from $145.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Monness Crespi & Hardt increased their price target on shares of Workday from $158.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, September 5th. UBS Group increased their price target on shares of Workday to $169.00 and gave the stock a “positive” rating in a report on Tuesday, September 4th. Stifel Nicolaus increased their price target on shares of Workday from $115.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, Jefferies Financial Group increased their price target on shares of Workday to $141.00 and gave the stock a “hold” rating in a report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $149.26.
NASDAQ:WDAY opened at $139.93 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.54. The firm has a market cap of $29.29 billion, a price-to-earnings ratio of -110.18 and a beta of 2.04. Workday Inc has a fifty-two week low of $95.35 and a fifty-two week high of $157.12.
Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. The company had revenue of $671.70 million during the quarter, compared to analysts’ expectations of $663.38 million. Workday had a negative net margin of 13.81% and a negative return on equity of 13.36%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. As a group, equities research analysts predict that Workday Inc will post -1.11 EPS for the current year.
In other Workday news, insider Petros Dermetzis sold 3,743 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $144.67, for a total transaction of $541,499.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James P. Shaughnessy sold 4,800 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $144.08, for a total transaction of $691,584.00. The disclosure for this sale can be found here. Insiders have sold 503,782 shares of company stock valued at $68,244,014 over the last 90 days. 33.59% of the stock is currently owned by company insiders.
Workday Company Profile
Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.
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