Trade Report: Today, Diversified Trust Co Sold shares of Workday Inc. (WDAY)

Today, Diversified Trust Co Sold shares of Workday Inc. (WDAY)

Diversified Trust Co cut its stake in shares of Workday Inc. (NYSE:WDAY) by 25.4% during the third quarter, Holdings Channel reports. The firm owned 2,200 shares of the company’s stock after selling 750 shares during the period. Diversified Trust Co’s holdings in Workday were worth $202,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. raised its stake in shares of Workday by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,829 shares of the company’s stock worth $190,000 after buying an additional 78 shares during the period. US Bancorp DE raised its stake in shares of Workday by 0.5% in the second quarter. US Bancorp DE now owns 27,125 shares of the company’s stock worth $2,026,000 after buying an additional 123 shares during the period. American International Group Inc. raised its stake in shares of Workday by 3.7% in the second quarter. American International Group Inc. now owns 3,466 shares of the company’s stock worth $259,000 after buying an additional 125 shares during the period. CIBC Asset Management Inc raised its stake in shares of Workday by 2.1% in the second quarter. CIBC Asset Management Inc now owns 8,332 shares of the company’s stock worth $622,000 after buying an additional 172 shares during the period. Finally, Appleton Partners Inc. MA raised its position in Workday by 3.7% in the second quarter. Appleton Partners Inc. MA now owns 7,689 shares of the company’s stock valued at $574,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 62.81% of the company’s stock.

Workday Inc. (NYSE:WDAY) traded up 0.61% on Friday, hitting $83.64. The stock had a trading volume of 513,294 shares. Workday Inc. has a 12-month low of $47.32 and a 12-month high of $93.35. The company has a 50 day moving average of $85.79 and a 200 day moving average of $82.15. The company’s market capitalization is $16.73 billion.

Workday (NYSE:WDAY) last announced its quarterly earnings data on Wednesday, August 24th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.02. Workday had a negative net margin of 25.71% and a negative return on equity of 26.89%. The firm had revenue of $377.70 million for the quarter, compared to analyst estimates of $372.68 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. On average, equities analysts expect that Workday Inc. will post ($0.03) earnings per share for the current year.

WDAY has been the topic of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Workday in a research report on Wednesday, September 28th. Barclays PLC reissued a “hold” rating and set a $77.00 price target on shares of Workday in a research report on Wednesday. Brean Capital reissued a “sell” rating and set a $62.00 price target on shares of Workday in a research report on Tuesday. First Analysis lowered Workday from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $87.00 to $88.00 in a research report on Thursday, August 25th. Finally, Morgan Stanley upped their price target on Workday from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have issued a buy rating to the company. Workday has an average rating of “Hold” and a consensus target price of $86.28.

In other news, Chairman David A. Duffield sold 400,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $83.32, for a total transaction of $33,328,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aneel Bhusri sold 10,317 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $86.35, for a total transaction of $890,872.95. The disclosure for this sale can be found here. Company insiders own 41.78% of the company’s stock.

Workday Company Profile

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. It operates in the cloud applications segment.

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