Todays Report: Today, Workday Inc. (WDAY) Position Decreased by Daiwa Securities Group Inc.

Today, Workday Inc. (WDAY) Position Decreased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its stake in shares of Workday Inc. (NYSE:WDAY) by 49.0% during the third quarter, Holdings Channel reports. The fund owned 46,279 shares of the company’s stock after selling 44,410 shares during the period. Daiwa Securities Group Inc.’s holdings in Workday were worth $4,243,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WDAY. Vanguard Group Inc. increased its stake in Workday by 7.5% in the second quarter. Vanguard Group Inc. now owns 8,269,840 shares of the company’s stock valued at $617,509,000 after buying an additional 577,294 shares during the period. Artisan Partners Limited Partnership increased its stake in Workday by 3.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,152,979 shares of the company’s stock valued at $384,773,000 after buying an additional 172,572 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Workday by 5.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,751,816 shares of the company’s stock valued at $205,478,000 after buying an additional 143,766 shares during the period. State Street Corp increased its stake in Workday by 3.9% in the second quarter. State Street Corp now owns 1,926,525 shares of the company’s stock valued at $143,846,000 after buying an additional 72,175 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Workday by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,601,782 shares of the company’s stock valued at $119,605,000 after buying an additional 4,152 shares during the period. Institutional investors own 62.81% of the company’s stock.

Workday Inc. (NYSE:WDAY) traded up 0.84% on Friday, hitting $83.83. 391,859 shares of the stock traded hands. The company’s 50 day moving average price is $85.79 and its 200-day moving average price is $82.15. The stock’s market cap is $16.77 billion. Workday Inc. has a 52-week low of $47.32 and a 52-week high of $93.35.

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

Several research firms recently weighed in on WDAY. Goldman Sachs Group Inc. raised their price objective on Workday from $78.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 25th. Needham & Company LLC reissued a “hold” rating on shares of Workday in a report on Tuesday, August 30th. Wunderlich cut their target price on Workday from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday, August 25th. Cowen and Company reaffirmed a “market perform” rating and set a $83.00 target price (up from $75.00) on shares of Workday in a report on Friday, August 26th. Finally, Wedbush reaffirmed an “underperform” rating and set a $63.00 target price (down from $69.00) on shares of Workday in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Workday currently has an average rating of “Hold” and a consensus price target of $86.28.

In other Workday news, Chairman David A. Duffield sold 400,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robynne Sisco sold 1,325 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $86.46, for a total transaction of $114,559.50. The disclosure for this sale can be found here. Corporate 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.

Related posts

Leave a Comment