Dimensional Fund Advisors LP Has $11.12 Million Holdings in Workday Inc (WDAY)
Dimensional Fund Advisors LP raised its holdings in Workday Inc (NASDAQ:WDAY) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 105,563 shares of the software maker’s stock after purchasing an additional 3,839 shares during the period. Dimensional Fund Advisors LP’s holdings in Workday were worth $11,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the business. IBM Retirement Fund bought a new stake in shares of Workday in the 3rd quarter worth about $204,000. Janus Henderson Group PLC grew its holdings in shares of Workday by 6,210.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,038,153 shares of the software maker’s stock worth $100,701,000 after purchasing an additional 1,021,702 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Workday by 9.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,933 shares of the software maker’s stock worth $1,152,000 after purchasing an additional 949 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Workday by 7.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 49,700 shares of the software maker’s stock worth $5,238,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Workday by 177.5% in the 2nd quarter. Principal Financial Group Inc. now owns 20,564 shares of the software maker’s stock worth $1,995,000 after purchasing an additional 13,154 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on WDAY shares. Robert W. Baird reaffirmed a “buy” rating on shares of Workday in a report on Friday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 target price on shares of Workday in a report on Friday, October 6th. FBN Securities raised shares of Workday from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $125.00 in a report on Wednesday, October 11th. Cowen reaffirmed a “market perform” rating and issued a $100.00 target price on shares of Workday in a report on Saturday, October 14th. Finally, JMP Securities lowered shares of Workday from a “market outperform” rating to a “market perform” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Workday presently has a consensus rating of “Hold” and an average target price of $106.81.
Workday (NASDAQ:WDAY) last released its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The company had revenue of $555.40 million for the quarter, compared to the consensus estimate of $541.05 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue was up 35.6% compared to the same quarter last year. analysts forecast that Workday Inc will post -1.1 earnings per share for the current year.
In other Workday news, Director Michael A. Stankey sold 12,500 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $102.10, for a total transaction of $1,276,250.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP James P. Shaughnessy sold 6,341 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $113.41, for a total transaction of $719,132.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,197,306 shares of company stock worth $126,753,397. Corporate insiders own 37.71% of the company’s stock.
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.
Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc (NASDAQ:WDAY).
Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.