World Asset Management Inc lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,946 shares of the software maker’s stock after selling 179 shares during the period. World Asset Management Inc’s holdings in Workday were worth $703,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WDAY. Lone Pine Capital LLC acquired a new stake in Workday during the 1st quarter worth $534,985,000. Whale Rock Capital Management LLC acquired a new stake in Workday during the 1st quarter worth $384,927,000. Clearbridge Investments LLC grew its holdings in Workday by 124.8% during the 1st quarter. Clearbridge Investments LLC now owns 2,460,146 shares of the software maker’s stock worth $611,174,000 after acquiring an additional 1,365,598 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Workday by 52.2% in the 1st quarter. Janus Henderson Group PLC now owns 3,314,094 shares of the software maker’s stock valued at $823,319,000 after buying an additional 1,136,922 shares during the period. Finally, Sustainable Growth Advisers LP grew its holdings in shares of Workday by 21.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 2,449,293 shares of the software maker’s stock valued at $608,478,000 after buying an additional 438,663 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Aneel Bhusri sold 4,108 shares of the company’s stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $228.37, for a total transaction of $938,143.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Duffield sold 274,565 shares of the company’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $273.19, for a total transaction of $75,008,412.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 299,105 shares of company stock valued at $80,910,048. 24.06% of the stock is currently owned by insiders.
Workday (NASDAQ:WDAY) last announced its earnings results on Wednesday, August 25th. The software maker reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.45. Workday had a negative net margin of 0.79% and a positive return on equity of 3.49%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 18.7% compared to the same quarter last year. On average, research analysts expect that Workday, Inc. will post 0.09 EPS for the current year.
Several equities analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Workday from $300.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 27th. BMO Capital Markets boosted their price objective on shares of Workday from $260.00 to $295.00 and gave the company a “market perform” rating in a research report on Friday, August 27th. Loop Capital boosted their price objective on shares of Workday from $320.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, August 30th. Barclays boosted their price objective on shares of Workday from $309.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday. They noted that the move was a valuation call. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Workday in a research report on Monday, September 13th. Four research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Workday has a consensus rating of “Buy” and a consensus target price of $301.60.
Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.
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