Advisors Asset Management Inc. decreased its position in Workday, Inc. (NASDAQ:WDAY – Get 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.
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:WDAY – Get 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
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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