Strs Ohio Acquires 2,232 Shares of Workday Inc. (WDAY)
Strs Ohio increased its position in Workday Inc. (NYSE:WDAY) by 16.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,818 shares of the company’s stock after buying an additional 2,232 shares during the period. Strs Ohio’s holdings in Workday were worth $1,181,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of WDAY. Tybourne Capital Management HK Ltd. boosted its stake in Workday by 139.6% in the first quarter. Tybourne Capital Management HK Ltd. now owns 2,955,095 shares of the company’s stock worth $227,069,000 after buying an additional 1,721,958 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Workday during the first quarter worth about $38,420,000. Banbury Partners LLC bought a new stake in Workday during the first quarter worth about $13,132,000. Gateway Investment Advisers LLC bought a new stake in Workday during the second quarter worth about $5,679,000. Finally, A.R.T. Advisors LLC bought a new stake in Workday during the first quarter worth about $5,820,000. Institutional investors own 62.37% of the company’s stock.
Workday Inc. (NYSE:WDAY) traded down 0.54% during mid-day trading on Thursday, hitting $87.15. 900,700 shares of the stock traded hands. The firm’s market cap is $17.43 billion. The firm’s 50-day moving average is $88.41 and its 200 day moving average is $80.26. Workday Inc. has a 52-week low of $47.32 and a 52-week high of $93.35.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.02. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The firm earned $377.70 million during the quarter, compared to the consensus estimate of $372.68 million. During the same quarter in the prior year, the business posted $0.02 EPS. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. Equities analysts predict that Workday Inc. will post ($0.03) EPS for the current fiscal year.
A number of analysts have recently issued reports on WDAY shares. Needham & Company LLC restated a “hold” rating on shares of Workday in a research note on Tuesday, August 30th. DA Davidson restated a “buy” rating and set a $99.00 target price (up previously from $97.00) on shares of Workday in a research note on Wednesday, August 24th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $78.00 target price on shares of Workday in a research note on Saturday, August 13th. Wedbush upgraded shares of Workday from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $69.00 to $82.00 in a research note on Wednesday, September 28th. Finally, Stephens initiated coverage on shares of Workday in a research note on Thursday, August 4th. They issued an “equal weight” rating for the company. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the stock. Workday currently has a consensus rating of “Hold” and an average price target of $86.19.
In related news, CFO Robynne Sisco sold 897 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $79.01, for a total value of $70,871.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 10,353 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $79.06, for a total value of $818,508.18. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by insiders.
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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