Parkwood LLC purchased a new stake in Workday Inc (NASDAQ:WDAY) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,914 shares of the software maker’s stock, valued at approximately $369,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of WDAY. Norges Bank bought a new stake in shares of Workday in the 4th quarter valued at approximately $198,900,000. 1832 Asset Management L.P. increased its holdings in shares of Workday by 1,817.2% in the 4th quarter. 1832 Asset Management L.P. now owns 912,600 shares of the software maker’s stock valued at $143,537,000 after acquiring an additional 865,000 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Workday in the 4th quarter valued at approximately $132,247,000. Jennison Associates LLC increased its holdings in shares of Workday by 6.0% in the 4th quarter. Jennison Associates LLC now owns 8,164,202 shares of the software maker’s stock valued at $1,303,660,000 after acquiring an additional 462,730 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Workday in the 1st quarter valued at approximately $49,230,000. Institutional investors and hedge funds own 69.96% of the company’s stock.
Shares of WDAY stock opened at $197.17 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.50. Workday Inc has a 1 year low of $117.24 and a 1 year high of $208.33. The firm has a market cap of $44.48 billion, a price-to-earnings ratio of -161.72 and a beta of 1.79.
In other Workday news, insider Robynne Sisco sold 23,808 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $194.75, for a total transaction of $4,636,608.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aneel Bhusri sold 300,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $179.58, for a total value of $53,874,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,508 shares of company stock valued at $208,331,415 in the last quarter. 33.59% of the stock is currently owned by insiders.
A number of brokerages have recently weighed in on WDAY. Exane BNP Paribas began coverage on Workday in a report on Friday, March 29th. They issued an “underperform” rating for the company. BNP Paribas began coverage on Workday in a report on Friday, March 29th. They issued an “underperform” rating and a $125.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 price target on shares of Workday in a report on Friday, March 1st. Deutsche Bank boosted their price target on Workday from $155.00 to $190.00 and gave the company a “hold” rating in a report on Friday, March 1st. Finally, Barclays boosted their price target on Workday from $180.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, March 1st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Workday has a consensus rating of “Buy” and an average target price of $185.69.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.
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