Workday, Inc. (WDAY) Stake Increased by Comerica Bank
Comerica Bank grew its stake in Workday, Inc. (NYSE:WDAY) by 19.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,208 shares of the software maker’s stock after acquiring an additional 1,003 shares during the quarter. Comerica Bank’s holdings in Workday were worth $643,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Winfield Associates Inc. increased its stake in shares of Workday by 136.4% in the 2nd quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock valued at $101,000 after acquiring an additional 600 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Workday by 9.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock valued at $110,000 after acquiring an additional 97 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Workday by 17.6% in the 2nd quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock valued at $114,000 after acquiring an additional 176 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Workday in the 1st quarter valued at about $152,000. Finally, FNY Managed Accounts LLC bought a new stake in shares of Workday in the 1st quarter valued at about $155,000. 67.08% of the stock is owned by institutional investors.
WDAY has been the subject of a number of recent analyst reports. JMP Securities reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Workday in a research note on Thursday, June 1st. 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. Wunderlich reaffirmed a “hold” rating and issued a $96.00 price target (up from $86.00) on shares of Workday in a research note on Saturday, June 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price target (up from $91.00) on shares of Workday in a research note on Saturday, June 3rd. Finally, Royal Bank Of Canada upped their price target on Workday from $105.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and sixteen have assigned a buy rating to the stock. Workday presently has a consensus rating of “Hold” and a consensus target price of $98.79.
In other news, CEO Aneel Bhusri sold 11,091 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $102.70, for a total transaction of $1,139,045.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James P. Shaughnessy sold 8,760 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $103.62, for a total value of $907,711.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,314,749 shares of company stock worth $135,370,554. Insiders own 37.71% of the company’s stock.
Shares of Workday, Inc. (NYSE:WDAY) opened at 103.89 on Friday. The firm’s market cap is $21.61 billion. The firm’s 50-day moving average price is $104.37 and its 200 day moving average price is $95.86. Workday, Inc. has a one year low of $65.79 and a one year high of $111.45.
Workday (NYSE:WDAY) last posted its quarterly earnings data on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The business had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The business’s revenue was up 40.6% on a year-over-year basis. Analysts predict that Workday, Inc. will post $0.83 EPS for the current year.
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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