Quantbot Technologies LP Takes Position in Workday Inc (WDAY)

Quantbot Technologies LP acquired a new stake in Workday Inc (NYSE:WDAY) during the first quarter, Holdings Channel reports. The firm acquired 24,237 shares of the software maker’s stock, valued at approximately $2,018,000.

A number of other large investors also recently added to or reduced their stakes in WDAY. Quantum Capital Management raised its stake in Workday by 35.4% in the first quarter. Quantum Capital Management now owns 83,992 shares of the software maker’s stock valued at $6,995,000 after buying an additional 21,975 shares in the last quarter. Nordea Investment Management AB raised its stake in Workday by 41.4% in the first quarter. Nordea Investment Management AB now owns 3,330 shares of the software maker’s stock valued at $277,000 after buying an additional 975 shares in the last quarter. Glynn Capital Management LLC raised its stake in Workday by 7.3% in the first quarter. Glynn Capital Management LLC now owns 297,413 shares of the software maker’s stock valued at $24,769,000 after buying an additional 20,256 shares in the last quarter. Arcus Capital Partners LLC bought a new stake in Workday during the first quarter valued at approximately $260,000. Finally, Mutual of America Capital Management LLC raised its stake in Workday by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 1,950 shares of the software maker’s stock valued at $162,000 after buying an additional 324 shares in the last quarter.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

Shares of Workday Inc (NYSE:WDAY) traded up 2.49% during mid-day trading on Friday, hitting $97.82. The company had a trading volume of 2,566,965 shares. Workday Inc has a 12 month low of $65.79 and a 12 month high of $99.48. The firm has a 50-day moving average of $87.49 and a 200-day moving average of $82.22. The company’s market cap is $19.86 billion.

Workday (NYSE:WDAY) last released its earnings results on Monday, February 27th. The software maker reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $430.19 million. Workday had a negative return on equity of 29.55% and a negative net margin of 26.36%. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, analysts expect that Workday Inc will post $0.51 EPS for the current year.

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Several equities research analysts have commented on the company. Vetr upgraded Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective on the stock in a research report on Monday, May 1st. Benchmark Co. assumed coverage on Workday in a research report on Thursday, April 27th. They issued a “hold” rating on the stock. Credit Suisse Group AG assumed coverage on Workday in a research report on Thursday, April 27th. They issued a “neutral” rating and a $91.00 price objective on the stock. William Blair upped their price objective on Workday to $40.00 and gave the stock an “outperform” rating in a research report on Friday, April 14th. Finally, BMO Capital Markets restated a “hold” rating and issued a $96.00 price objective on shares of Workday in a research report on Wednesday, April 5th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and fifteen have given a buy rating to the stock. Workday currently has a consensus rating of “Hold” and an average price target of $86.73.

In related news, insider Mark S. Peek sold 10,249 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $95.11, for a total value of $974,782.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael M. Mcnamara sold 13,500 shares of the company’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $81.28, for a total value of $1,097,280.00. The disclosure for this sale can be found here. Insiders sold 848,462 shares of company stock valued at $70,575,582 over the last quarter. 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. 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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