Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in shares of Workday, Inc. (NASDAQ:WDAYGet Rating) by 37.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,098 shares of the software maker’s stock after buying an additional 567 shares during the period. Crossmark Global Holdings Inc.’s holdings in Workday were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WDAY. Brinker Capital Investments LLC increased its position in shares of Workday by 33.3% in the 3rd quarter. Brinker Capital Investments LLC now owns 92,661 shares of the software maker’s stock valued at $14,105,000 after purchasing an additional 23,173 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Workday by 26.0% during the third quarter. Kestra Advisory Services LLC now owns 8,963 shares of the software maker’s stock worth $1,364,000 after purchasing an additional 1,852 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in Workday in the third quarter valued at $27,680,000. Sentry Investment Management LLC raised its stake in Workday by 384.8% in the third quarter. Sentry Investment Management LLC now owns 320 shares of the software maker’s stock valued at $49,000 after buying an additional 254 shares in the last quarter. Finally, Personal CFO Solutions LLC purchased a new stake in Workday during the 3rd quarter worth about $241,000. Institutional investors and hedge funds own 66.98% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent analyst reports. Macquarie began coverage on Workday in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $170.00 price objective on the stock. Mizuho cut their price objective on shares of Workday from $220.00 to $200.00 in a report on Wednesday, November 30th. Moffett Nathanson started coverage on shares of Workday in a report on Monday, January 9th. They issued an “outperform” rating and a $245.00 target price for the company. Morgan Stanley cut their price target on shares of Workday from $282.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Workday from $235.00 to $223.00 in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $214.47.

Workday Trading Up 1.7 %

Shares of NASDAQ WDAY opened at $176.43 on Tuesday. Workday, Inc. has a 52 week low of $128.72 and a 52 week high of $257.00. The company has a 50-day moving average of $163.73. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.55.

Workday (NASDAQ:WDAYGet Rating) last posted its quarterly earnings results on Tuesday, November 29th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.18. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Workday had a negative net margin of 5.29% and a negative return on equity of 2.11%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Analysts anticipate that Workday, Inc. will post -0.44 EPS for the current fiscal year.

Workday declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the software maker to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, COO James Bozzini sold 4,389 shares of Workday stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $161.72, for a total transaction of $709,789.08. Following the completion of the transaction, the chief operating officer now owns 103,228 shares of the company’s stock, valued at approximately $16,694,032.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Workday news, CFO Barbara A. Larson sold 904 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $176.05, for a total transaction of $159,149.20. Following the sale, the chief financial officer now owns 76,588 shares in the company, valued at approximately $13,483,317.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James Bozzini sold 4,389 shares of the business’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $161.72, for a total value of $709,789.08. Following the completion of the transaction, the chief operating officer now directly owns 103,228 shares of the company’s stock, valued at $16,694,032.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,548 shares of company stock worth $20,795,439. 21.74% of the stock is owned by corporate insiders.

Workday 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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