Gilder Gagnon Howe & Co. LLC Has $10.58 Million Position in Workday, Inc. (WDAY)
Gilder Gagnon Howe & Co. LLC increased its stake in shares of Workday, Inc. (NYSE:WDAY) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,099 shares of the software maker’s stock after buying an additional 1,919 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Workday were worth $10,583,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after buying an additional 176 shares during the period. Korea Investment CORP increased its stake in Workday by 8,349.3% in the second quarter. Korea Investment CORP now owns 38,529 shares of the software maker’s stock worth $3,737,000 after buying an additional 38,073 shares during the period. World Asset Management Inc increased its stake in Workday by 10.7% in the second quarter. World Asset Management Inc now owns 5,943 shares of the software maker’s stock worth $576,000 after buying an additional 575 shares during the period. Bessemer Group Inc. increased its stake in Workday by 1.2% in the second quarter. Bessemer Group Inc. now owns 21,687 shares of the software maker’s stock worth $2,104,000 after buying an additional 247 shares during the period. Finally, Winfield Associates Inc. increased its stake in Workday by 136.4% in the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after buying an additional 600 shares during the period.
Shares of Workday, Inc. (NYSE:WDAY) opened at 101.11 on Wednesday. Workday, Inc. has a 52-week low of $65.79 and a 52-week high of $106.75. The firm’s 50-day moving average price is $100.89 and its 200-day moving average price is $91.32. The stock’s market cap is $20.93 billion.
Workday (NYSE:WDAY) last issued its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.13. The company had revenue of $479.90 million for the quarter, compared to analysts’ expectations of $468.07 million. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. Workday’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. On average, equities research analysts forecast that Workday, Inc. will post $0.65 earnings per share for the current fiscal year.
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A number of research firms recently weighed in on WDAY. UBS AG restated a “buy” rating and issued a $115.00 price target (up from $103.00) on shares of Workday in a research note on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 price target on Workday and gave the company a “buy” rating in a research note on Saturday, June 3rd. Northland Securities restated a “hold” rating and issued a $90.00 price target on shares of Workday in a research note on Friday, July 28th. Royal Bank Of Canada restated a “buy” rating and issued a $106.00 price target on shares of Workday in a research note on Sunday. Finally, BidaskClub upgraded Workday from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $92.37.
In related news, insider Philip W. Wilmington sold 19,059 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $98.03, for a total value of $1,868,353.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 1,405 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $94.40, for a total transaction of $132,632.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,284,581 shares of company stock worth $127,908,387. 37.71% of the stock is owned by insiders.
Workday Company Profile
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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.
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