Cullen Frost Bankers Inc. Has $9,360,000 Position in Workday Inc. (WDAY)
Cullen Frost Bankers Inc. increased its position in Workday Inc. (NYSE:WDAY) by 7.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 125,354 shares of the company’s stock after buying an additional 8,703 shares during the period. Cullen Frost Bankers Inc.’s holdings in Workday were worth $9,360,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP bought a new position in Workday during the first quarter worth $248,000. Huntington Steele LLC bought a new position in Workday during the second quarter worth $299,000. Commonwealth Equity Services Inc boosted its position in Workday by 2.6% in the first quarter. Commonwealth Equity Services Inc now owns 4,499 shares of the company’s stock worth $346,000 after buying an additional 115 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Workday during the second quarter worth $422,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Workday during the first quarter worth $546,000.
Workday Inc. (NYSE:WDAY) traded down 0.27% during mid-day trading on Thursday, reaching $90.28. 1,124,106 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $84.90 and its 200-day moving average price is $78.31. The company’s market capitalization is $18.06 billion. Workday Inc. has a 52 week low of $47.32 and a 52 week high of $90.88.
Workday (NYSE:WDAY) last posted its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.02. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The company had revenue of $377.70 million for the quarter, compared to analyst estimates of $372.68 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s revenue was up 33.6% compared to the same quarter last year. On average, equities research analysts expect that Workday Inc. will post ($0.04) earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated a “buy” rating on shares of Workday in a research report on Tuesday, May 31st. Citigroup Inc. reiterated a “buy” rating and issued a $87.00 target price on shares of Workday in a research report on Wednesday, June 1st. Barclays PLC reiterated a “hold” rating and issued a $80.00 target price (down from $84.00) on shares of Workday in a research report on Wednesday, June 1st. Morgan Stanley reiterated a “hold” rating on shares of Workday in a research report on Wednesday, June 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Workday in a research report on Wednesday, June 1st. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Workday currently has an average rating of “Hold” and an average target price of $84.11.
In related news, Vice Chairman Michael A. Stankey sold 8,781 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $79.06, for a total transaction of $694,225.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark S. Peek sold 1,562 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $87.32, for a total transaction of $136,393.84. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.
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. It operates in the cloud applications segment.
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