FNY Managed Accounts LLC Invests $155,000 in Workday, Inc. (WDAY)

FNY Managed Accounts LLC bought a new stake in shares of Workday, Inc. (NYSE:WDAY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,870 shares of the software maker’s stock, valued at approximately $155,000.

A number of other hedge funds have also recently made changes to their positions in WDAY. Wedbush Securities Inc. increased its stake in shares of Workday by 0.8% in the first quarter. Wedbush Securities Inc. now owns 5,573 shares of the software maker’s stock valued at $464,000 after buying an additional 44 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Workday by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 10,667 shares of the software maker’s stock valued at $888,000 after buying an additional 85 shares during the period. Utah Retirement Systems increased its stake in shares of Workday by 0.5% in the first quarter. Utah Retirement Systems now owns 21,400 shares of the software maker’s stock valued at $1,782,000 after buying an additional 100 shares during the period. RDL Financial Inc. increased its stake in shares of Workday by 1.3% in the first quarter. RDL Financial Inc. now owns 10,130 shares of the software maker’s stock valued at $844,000 after buying an additional 130 shares during the period. Finally, Arrowpoint Asset Management LLC increased its stake in shares of Workday by 0.8% in the fourth quarter. Arrowpoint Asset Management LLC now owns 19,150 shares of the software maker’s stock valued at $1,266,000 after buying an additional 150 shares during the period.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

Workday, Inc. (NYSE:WDAY) traded up 3.34% during mid-day trading on Wednesday, hitting $102.24. 1,313,574 shares of the stock traded hands. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $104.53. The firm’s market cap is $21.16 billion. The firm’s 50-day moving average price is $96.94 and its 200-day moving average price is $84.90.

Workday (NYSE:WDAY) last announced its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The firm had revenue of $479.90 million during the quarter, compared to analysts’ expectations of $468.07 million. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue was up 38.0% on a year-over-year basis. On average, equities analysts forecast that Workday, Inc. will post $0.65 earnings per share for the current fiscal year.

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Several analysts have issued reports on the stock. Royal Bank Of Canada cut their target price on shares of Workday from $105.00 to $96.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 24th. Mitsubishi UFJ Financial Group set a $106.00 target price on shares of Workday and gave the company a “buy” rating in a research note on Saturday, June 3rd. BMO Capital Markets reissued a “hold” rating and set a $96.00 target price on shares of Workday in a research note on Wednesday, April 5th. ValuEngine raised shares of Workday from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, JMP Securities reissued an “overweight” rating and set a $90.00 target price on shares of Workday in a research note on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $91.03.

In other Workday news, Director Michael A. Stankey sold 78,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $83.95, for a total value of $6,598,470.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James Bozzini sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $83.96, for a total transaction of $1,049,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,225,928 shares of company stock valued at $112,247,360. Corporate insiders own 41.78% of the company’s stock.

About Workday

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. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WDAY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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