Smith Asset Management Group LP bought a new stake in Workday, Inc. (NYSE:WDAY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 109,190 shares of the software maker’s stock, valued at approximately $10,591,000.

A number of other institutional investors have also bought and sold shares of the company. Winfield Associates Inc. boosted 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 valued at $101,000 after buying an additional 600 shares during the last quarter. Global X Management Co. LLC boosted 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 valued at $110,000 after buying an additional 97 shares during the last quarter. Toronto Dominion Bank boosted 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 valued at $111,000 after buying an additional 304 shares during the last quarter. IFP Advisors Inc boosted 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 valued at $114,000 after buying an additional 176 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Workday during the first quarter valued at approximately $124,000.

Shares of Workday, Inc. (NYSE WDAY) opened at 99.38 on Friday. The firm’s 50-day moving average price is $100.83 and its 200 day moving average price is $91.97. The stock’s market capitalization is $20.57 billion. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $106.75.

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

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Several brokerages have issued reports on WDAY. 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 Workday from a “hold” rating to a “buy” rating and set a $93.50 price target for the company 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 issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $92.37.

In other Workday news, SVP James P. Shaughnessy sold 1,873 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $94.42, for a total value of $176,848.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robynne Sisco sold 1,405 shares of the company’s stock in a transaction on 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 corporate 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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Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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