Workday, Inc. (WDAY) Position Held by WCM Investment Management CA
WCM Investment Management CA held its stake in Workday, Inc. (NYSE:WDAY) during the second quarter, Holdings Channel reports. The firm owned 3,500 shares of the software maker’s stock at the end of the second quarter. WCM Investment Management CA’s holdings in Workday were worth $340,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the company. 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. Global X Management Co. LLC increased its stake 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 during the last quarter. Toronto Dominion Bank increased its stake 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 during the last quarter. 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 last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Workday during the first quarter worth $124,000.
Workday, Inc. (WDAY) opened at 102.90 on Friday. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $106.75. The company has a 50-day moving average of $101.13 and a 200-day moving average of $92.52. The firm’s market capitalization is $21.30 billion.
Workday (NYSE:WDAY) last announced its earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $479.90 million during the quarter, compared to the consensus estimate of $468.07 million. During the same quarter last year, the firm earned $0.05 earnings per share. Workday’s quarterly revenue was up 38.0% on a year-over-year basis. On average, equities analysts forecast that Workday, Inc. will post $0.66 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on WDAY shares. Drexel Hamilton reaffirmed a “buy” rating and set a $114.00 price objective on shares of Workday in a report on Wednesday, May 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $115.00 price objective on shares of Workday in a report on Friday, June 2nd. Vetr raised Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective on the stock in a report on Monday, May 1st. UBS AG reaffirmed a “buy” rating and set a $115.00 price objective (up from $103.00) on shares of Workday in a report on Friday, June 2nd. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $114.00 price objective (up from $96.00) on shares of Workday in a report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $92.77.
In other Workday news, SVP James P. Shaughnessy sold 6,000 shares of Workday stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $97.85, for a total value of $587,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George J. Still, Jr. sold 10,000 shares of Workday stock in a transaction on Monday, June 12th. The shares were sold at an average price of $96.94, for a total transaction of $969,400.00. Following the completion of the sale, the director now directly owns 21,943 shares of the company’s stock, valued at $2,127,154.42. The disclosure for this sale can be found here. Insiders have sold 1,285,592 shares of company stock valued at $128,237,888 in the last three months. 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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