Tower Research Capital LLC TRC Takes Position in Workday, Inc. (WDAY)

Tower Research Capital LLC TRC bought a new stake in Workday, Inc. (NYSE:WDAY) during the first quarter, Holdings Channel reports. The fund bought 3,421 shares of the software maker’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock valued at $111,000 after buying an additional 304 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Workday during the first quarter valued at about $124,000. Harbour Capital Advisors LLC acquired a new position in shares of Workday during the first quarter valued at about $152,000. FNY Managed Accounts LLC acquired a new position in shares of Workday during the first quarter valued at about $155,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of 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 during the period.

Institutional Ownership by Quarter for Workday (NYSE:WDAY)

Workday, Inc. (NYSE:WDAY) traded up 0.49% during midday trading on Friday, hitting $103.33. 1,469,851 shares of the stock were exchanged. The firm has a 50 day moving average of $96.94 and a 200-day moving average of $84.90. The stock’s market cap is $21.39 billion. Workday, Inc. has a 12-month low of $65.79 and a 12-month high of $104.53.

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

ILLEGAL ACTIVITY NOTICE: “Tower Research Capital LLC TRC Takes Position in Workday, Inc. (WDAY)” was originally posted by Mideast Time and is the sole property of of Mideast Time. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.mideasttime.com/tower-research-capital-llc-trc-takes-position-in-workday-inc-wday/1806318.html.

A number of research analysts have weighed in on the stock. Mitsubishi UFJ Financial Group set a $106.00 price objective on shares of Workday and gave the company a “buy” rating in a report on Saturday, June 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price objective (up previously from $91.00) on shares of Workday in a report on Saturday, June 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $95.00 price objective (up previously from $85.00) on shares of Workday in a report on Saturday, June 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price objective (up previously from $84.00) on shares of Workday in a report on Saturday, June 3rd. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $94.00 price objective (up previously from $91.00) on shares of Workday in a report on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.03.

In other news, CFO Robynne Sisco sold 18,965 shares of Workday stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $83.42, for a total transaction of $1,582,060.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Duffield sold 428,489 shares of Workday stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $81.71, for a total transaction of $35,011,836.19. The disclosure for this sale can be found here. Insiders have sold 1,225,928 shares of company stock worth $112,247,360 in 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.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”});

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.



Leave a Reply

 
© 2006-2017 Mideast Time.