Quantum Capital Management cut its stake in shares of Workday, Inc. (NYSE:WDAY) by 0.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,981 shares of the software maker’s stock after selling 11 shares during the quarter. Workday makes up approximately 2.0% of Quantum Capital Management’s holdings, making the stock its 19th biggest position. Quantum Capital Management’s holdings in Workday were worth $8,146,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in WDAY. Capstone Asset Management Co. bought a new position in shares of Workday during the 1st quarter valued at approximately $234,000. Waldron LP grew its stake in shares of Workday by 167.1% during the 1st quarter. Waldron LP now owns 11,102 shares of the software maker’s stock valued at $896,000 after acquiring an additional 6,946 shares during the period. ProShare Advisors LLC bought a new position in shares of Workday during the 1st quarter valued at approximately $241,000. Comerica Bank grew its stake in shares of Workday by 12.9% during the 1st quarter. Comerica Bank now owns 5,205 shares of the software maker’s stock valued at $452,000 after acquiring an additional 595 shares during the period. Finally, World Asset Management Inc grew its stake in shares of Workday by 26.5% during the 1st quarter. World Asset Management Inc now owns 5,368 shares of the software maker’s stock valued at $447,000 after acquiring an additional 1,123 shares during the period. Institutional investors own 67.08% of the company’s stock.
In other news, Director Michael A. Stankey sold 25,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $102.12, for a total value of $2,553,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO James Bozzini sold 6,300 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $98.12, for a total value of $618,156.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,339,749 shares of company stock worth $137,923,554. Corporate insiders own 37.71% of the company’s stock.
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A number of research analysts recently issued reports on WDAY shares. UBS AG reiterated a “buy” rating and set a $115.00 price objective (up from $103.00) on shares of Workday in a research note on Friday, June 2nd. Bank of America Corporation reiterated a “buy” rating and set a $114.00 price objective (up from $96.00) on shares of Workday in a research note on Friday, June 2nd. Drexel Hamilton reiterated a “buy” rating and set a $114.00 price objective on shares of Workday in a research note on Wednesday, May 31st. Canaccord Genuity reiterated a “buy” rating and set a $115.00 price objective on shares of Workday in a research note on Friday, June 2nd. Finally, Mitsubishi UFJ Financial Group set a $106.00 price objective on Workday and gave the company a “buy” rating in a research note on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $98.79.
Workday, Inc. (NYSE:WDAY) traded down 1.20% during mid-day trading on Wednesday, reaching $105.00. The company’s stock had a trading volume of 567,098 shares. 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 12-month low of $65.79 and a 12-month high of $111.45. The stock’s market cap is $21.84 billion.
Workday (NYSE:WDAY) last announced its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 EPS for the quarter, beating 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 analyst estimates of $507.44 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities analysts predict that Workday, Inc. will post $0.82 earnings per share 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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