Crescent Grove Advisors LLC bought a new position in Workday, Inc. (NYSE:WDAY) during the second quarter, Holdings Channel reports. The firm bought 3,500 shares of the software maker’s stock, valued at approximately $340,000.

A number of other hedge funds have also recently made changes to their positions in the company. Winfield Associates Inc. increased its position 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 in the last quarter. Global X Management Co. LLC increased its position in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after buying an additional 97 shares in the last quarter. Toronto Dominion Bank increased its position in Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock worth $111,000 after buying an additional 304 shares in the last quarter. IFP Advisors Inc increased its position 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 in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Workday during the first quarter worth $124,000.

Workday, Inc. (WDAY) opened at 99.38 on Friday. Workday, Inc. has a 12-month low of $65.79 and a 12-month high of $106.75. The firm’s market capitalization is $20.57 billion. The stock has a 50 day moving average of $100.83 and a 200 day moving average of $91.97.

Workday (NYSE:WDAY) last announced its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The firm had revenue of $479.90 million for the quarter, compared to analyst estimates of $468.07 million. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The business’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Equities research analysts anticipate that Workday, Inc. will post $0.65 earnings per share for the current year.

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WDAY has been the topic of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $115.00 price target on shares of Workday in a research note on Friday, June 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $114.00 price target on shares of Workday in a research note on Wednesday, May 31st. Vetr raised shares of Workday from a “hold” rating to a “buy” rating and set a $93.50 price target on the stock in a research note on Monday, May 1st. UBS AG reaffirmed a “buy” rating and set a $115.00 price target (up previously from $103.00) on shares of Workday in a research note on Friday, June 2nd. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $114.00 price target (up previously from $96.00) on shares of Workday in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Workday currently has an average rating of “Hold” and a consensus price target of $92.37.

In other Workday news, Director Michael A. Stankey sold 6,249 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $94.51, for a total value of $590,592.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Aneel Bhusri sold 8,424 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $94.46, for a total transaction of $795,731.04. The disclosure for this sale can be found here. Insiders sold a total of 1,284,581 shares of company stock worth $127,908,387 in the last three months. Insiders own 37.71% of the company’s stock.

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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Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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