Workday, Inc. (NASDAQ:WDAY) Holdings Trimmed by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in Workday, Inc. (NASDAQ:WDAYGet Rating) by 1.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,800 shares of the software maker’s stock after selling 112 shares during the period. Advisors Asset Management Inc.’s holdings in Workday were worth $949,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WDAY. Montrusco Bolton Investments Inc. lifted its holdings in shares of Workday by 42.3% during the second quarter. Montrusco Bolton Investments Inc. now owns 817,962 shares of the software maker’s stock worth $112,366,000 after buying an additional 243,337 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Workday by 33.2% during the 2nd quarter. Metis Global Partners LLC now owns 1,519 shares of the software maker’s stock worth $212,000 after purchasing an additional 379 shares in the last quarter. TownSquare Capital LLC increased its position in shares of Workday by 8.2% during the second quarter. TownSquare Capital LLC now owns 11,277 shares of the software maker’s stock valued at $1,574,000 after purchasing an additional 858 shares during the period. Cannell & Co. acquired a new stake in Workday during the second quarter worth $12,460,000. Finally, Donoghue Forlines LLC boosted its stake in Workday by 1.8% during the second quarter. Donoghue Forlines LLC now owns 5,529 shares of the software maker’s stock worth $772,000 after buying an additional 99 shares in the last quarter. 68.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. OTR Global lowered Workday to a “mixed” rating in a research note on Tuesday, August 23rd. Needham & Company LLC increased their price objective on shares of Workday from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, August 26th. Credit Suisse Group reduced their price target on Workday from $230.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, August 26th. StockNews.com assumed coverage on shares of Workday in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Guggenheim upgraded Workday from a “sell” rating to a “neutral” rating in a research note on Monday, November 7th. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $233.57.

Insider Activity

In other news, CEO Gomez Luciano Fernandez sold 2,046 shares of Workday stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $158.32, for a total value of $323,922.72. Following the transaction, the chief executive officer now owns 257,656 shares of the company’s stock, valued at approximately $40,792,097.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, CEO Aneel Bhusri sold 3,497 shares of the firm’s stock in a transaction that occurred on Saturday, October 15th. The stock was sold at an average price of $147.14, for a total value of $514,548.58. Following the sale, the chief executive officer now owns 418,509 shares of the company’s stock, valued at approximately $61,579,414.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gomez Luciano Fernandez sold 2,046 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $158.32, for a total transaction of $323,922.72. Following the completion of the sale, the chief executive officer now directly owns 257,656 shares in the company, valued at approximately $40,792,097.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,974 shares of company stock valued at $18,758,209. 21.74% of the stock is currently owned by company insiders.

Workday Price Performance

WDAY stock opened at $155.39 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $149.87 and a 200-day moving average of $153.16. Workday, Inc. has a 12-month low of $128.72 and a 12-month high of $307.81.

Workday (NASDAQ:WDAYGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. During the same quarter last year, the company earned $0.49 earnings per share. As a group, research analysts expect that Workday, Inc. will post -0.61 EPS for the current year.

Workday Company Profile

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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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