Diversified Trust Co reduced its position in shares of Workday Inc. (NYSE:WDAY) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,950 shares of the company’s stock after selling 300 shares during the period. Diversified Trust Co’s holdings in Workday were worth $220,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in shares of Workday by 16.4% in the second quarter. Strs Ohio now owns 15,818 shares of the company’s stock valued at $1,181,000 after buying an additional 2,232 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Workday during the second quarter valued at approximately $3,725,000. Shell Asset Management Co. raised its stake in shares of Workday by 57.4% in the second quarter. Shell Asset Management Co. now owns 8,950 shares of the company’s stock valued at $668,000 after buying an additional 3,263 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Workday by 9.3% in the second quarter. Daiwa Securities Group Inc. now owns 90,689 shares of the company’s stock valued at $6,772,000 after buying an additional 7,739 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Workday during the second quarter valued at approximately $422,000.
Workday Inc. (NYSE:WDAY) traded up 1.47% on Friday, hitting $91.69. The stock had a trading volume of 1,524,080 shares. The firm’s market cap is $18.34 billion. Workday Inc. has a 52-week low of $47.32 and a 52-week high of $92.46. The company’s 50 day moving average price is $86.38 and its 200 day moving average price is $79.17.
Workday (NYSE:WDAY) last issued its earnings results on Wednesday, August 24th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02. The firm earned $377.70 million during the quarter, compared to the consensus estimate of $372.68 million. Workday had a negative return on equity of 26.89% and a negative net margin of 25.71%. The company’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS. Analysts expect that Workday Inc. will post ($0.04) EPS for the current year.
WDAY has been the topic of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Workday in a research report on Tuesday, August 30th. DA Davidson reaffirmed a “buy” rating and set a $99.00 price target (up from $97.00) on shares of Workday in a research note on Wednesday, August 24th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $78.00 price target on shares of Workday in a research note on Saturday, August 13th. Wedbush raised Workday from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $69.00 to $82.00 in a research note on Wednesday. Finally, Stephens initiated coverage on Workday in a research note on Thursday, August 4th. They set an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.56.
In other Workday news, CFO Robynne Sisco sold 897 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $79.01, for a total transaction of $70,871.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aneel Bhusri sold 10,353 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $79.06, for a total transaction of $818,508.18. The disclosure for this sale can be found here. 41.78% of the stock is currently owned by corporate insiders.
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.
Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc. (NYSE:WDAY).
Receive News & Ratings for Workday Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday Inc. and related companies with MarketBeat.com's FREE daily email newsletter.