ETF Managers Group LLC Boosts Stake in Workday Inc (WDAY)

ETF Managers Group LLC lifted its holdings in Workday Inc (NASDAQ:WDAY) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,041 shares of the software maker’s stock after buying an additional 164 shares during the period. ETF Managers Group LLC’s holdings in Workday were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of WDAY. Vanguard Group Inc. raised its stake in Workday by 0.8% during the third quarter. Vanguard Group Inc. now owns 12,604,769 shares of the software maker’s stock worth $1,840,044,000 after purchasing an additional 98,167 shares during the period. Vanguard Group Inc raised its stake in Workday by 0.8% during the third quarter. Vanguard Group Inc now owns 12,604,769 shares of the software maker’s stock worth $1,840,044,000 after purchasing an additional 98,167 shares during the period. Jennison Associates LLC raised its stake in Workday by 3.4% during the third quarter. Jennison Associates LLC now owns 7,701,472 shares of the software maker’s stock worth $1,124,261,000 after purchasing an additional 252,921 shares during the period. Capital Research Global Investors raised its stake in Workday by 977.4% during the third quarter. Capital Research Global Investors now owns 3,150,040 shares of the software maker’s stock worth $459,843,000 after purchasing an additional 2,857,657 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Workday by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 3,083,669 shares of the software maker’s stock worth $450,154,000 after purchasing an additional 264,048 shares during the period. 67.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WDAY stock opened at $189.41 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $41.67 billion, a P/E ratio of -149.14 and a beta of 1.89. Workday Inc has a fifty-two week low of $107.75 and a fifty-two week high of $190.35.



Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, November 29th. The software maker reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.76. The firm had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $723.38 million. Workday had a negative net margin of 15.40% and a negative return on equity of 15.98%. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. As a group, research analysts predict that Workday Inc will post -1.05 EPS for the current year.

In other Workday news, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $165.54, for a total transaction of $49,662,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Duffield sold 309,667 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $161.50, for a total transaction of $50,011,220.50. The disclosure for this sale can be found here. Insiders sold 999,158 shares of company stock valued at $163,638,983 in the last 90 days. Company insiders own 33.59% of the company’s stock.

WDAY has been the topic of a number of analyst reports. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $185.00 target price (up from $175.00) on shares of Workday in a research note on Friday, November 30th. Stifel Nicolaus lifted their price target on shares of Workday to $160.00 and gave the company a “hold” rating in a research report on Friday, November 30th. Jefferies Financial Group lifted their price target on shares of Workday from $141.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, November 30th. BidaskClub upgraded shares of Workday from a “hold” rating to a “buy” rating in a research report on Thursday, October 18th. Finally, BMO Capital Markets lifted their price target on shares of Workday from $165.00 to $170.00 and gave the company a “market perform” rating in a research report on Friday, November 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $157.37.

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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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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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