Glenview Trust Co Cuts Stake in Workday Inc (WDAY)

Glenview Trust Co cut its position in Workday Inc (NYSE:WDAY) by 57.7% during the first quarter, Holdings Channel reports. The fund owned 9,461 shares of the software maker’s stock after selling 12,921 shares during the period. Glenview Trust Co’s holdings in Workday were worth $788,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in Workday by 18.2% in the first quarter. Prudential Financial Inc. now owns 4,030 shares of the software maker’s stock worth $336,000 after buying an additional 620 shares during the last quarter. KBC Group NV increased its position in Workday by 36.8% in the first quarter. KBC Group NV now owns 12,632 shares of the software maker’s stock worth $1,052,000 after buying an additional 3,399 shares during the last quarter. Quantbot Technologies LP bought a new position in Workday during the first quarter worth about $2,018,000. Quantum Capital Management increased its position in Workday by 35.4% in the first quarter. Quantum Capital Management now owns 83,992 shares of the software maker’s stock worth $6,995,000 after buying an additional 21,975 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Workday by 41.4% in the first quarter. Nordea Investment Management AB now owns 3,330 shares of the software maker’s stock worth $277,000 after buying an additional 975 shares during the last quarter.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

Workday Inc (NYSE:WDAY) traded up 2.49% on Friday, reaching $97.82. 2,566,965 shares of the company’s stock traded hands. Workday Inc has a 12-month low of $65.79 and a 12-month high of $99.48. The stock’s market cap is $19.86 billion. The stock has a 50 day moving average price of $87.49 and a 200 day moving average price of $82.22.

Workday (NYSE:WDAY) last posted its quarterly earnings data on Monday, February 27th. The software maker reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.08. The company had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $430.19 million. Workday had a negative net margin of 26.36% and a negative return on equity of 29.55%. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share. Analysts forecast that Workday Inc will post $0.51 EPS for the current year.

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A number of research firms recently issued reports on WDAY. Vetr raised shares of Workday from a “hold” rating to a “buy” rating and set a $93.50 price target for the company in a research note on Monday, May 1st. Benchmark Co. began coverage on shares of Workday in a research note on Thursday, April 27th. They issued a “hold” rating for the company. Credit Suisse Group AG began coverage on shares of Workday in a research note on Thursday, April 27th. They issued a “neutral” rating and a $91.00 price target for the company. William Blair increased their price target on shares of Workday to $40.00 and gave the stock an “outperform” rating in a research note on Friday, April 14th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $96.00 price target on shares of Workday in a research note on Wednesday, April 5th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $86.73.

In other Workday news, insider James Bozzini sold 37,500 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $83.30, for a total transaction of $3,123,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James P. Shaughnessy sold 10,867 shares of the company’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $83.50, for a total transaction of $907,394.50. The disclosure for this sale can be found here. Insiders have sold 848,462 shares of company stock valued at $70,575,582 over the last 90 days. 41.78% of the stock is currently owned by company insiders.

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. 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.

12 Month Chart for NYSE:WDAY

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