US Bancorp DE Decreases Position in Workday Inc (WDAY)
US Bancorp DE reduced its stake in shares of Workday Inc (NYSE:WDAY) by 12.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,162 shares of the software maker’s stock after selling 1,849 shares during the period. US Bancorp DE’s holdings in Workday were worth $1,096,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of WDAY. Guggenheim Capital LLC boosted its stake in Workday by 52.7% in the fourth quarter. Guggenheim Capital LLC now owns 17,302 shares of the software maker’s stock valued at $1,143,000 after buying an additional 5,969 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Workday by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 80,094 shares of the software maker’s stock valued at $6,670,000 after buying an additional 1,012 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Workday during the fourth quarter valued at $3,827,000. Norges Bank bought a new stake in Workday during the fourth quarter valued at $48,885,000. Finally, FIL Ltd boosted its stake in Workday by 72.9% in the fourth quarter. FIL Ltd now owns 279,291 shares of the software maker’s stock valued at $18,458,000 after buying an additional 117,792 shares during the last quarter.
Shares of Workday Inc (NYSE:WDAY) opened at 99.99 on Monday. The firm’s market capitalization is $20.30 billion. Workday Inc has a 12-month low of $65.79 and a 12-month high of $101.33. The stock has a 50 day moving average of $89.91 and a 200-day moving average of $82.79.
Workday (NYSE:WDAY) last issued its earnings results on Monday, February 27th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Workday had a negative return on equity of 29.55% and a negative net margin of 26.36%. The company had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $430.19 million. During the same period last year, the business earned ($0.01) EPS. Workday’s quarterly revenue was up 35.0% compared to the same quarter last year. On average, equities research analysts predict that Workday Inc will post $0.51 EPS for the current fiscal year.
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Several equities research analysts have recently commented on the stock. Drexel Hamilton reiterated a “buy” rating and set a $104.00 price target on shares of Workday in a research report on Tuesday, February 7th. OTR Global upgraded shares of Workday to a “positive” rating in a research report on Friday, February 24th. Royal Bank of Canada reiterated a “buy” rating and set a $96.00 price target on shares of Workday in a research report on Thursday, February 23rd. Evercore ISI cut shares of Workday from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, Vetr upgraded shares of Workday from a “hold” rating to a “buy” rating and set a $93.50 price target for the company in a research report on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $86.78.
In related news, Director Michael M. Mcnamara sold 13,500 shares of the stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $81.28, for a total value of $1,097,280.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robynne Sisco sold 3,522 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $83.40, for a total value of $293,734.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 848,462 shares of company stock worth $70,575,582. 41.78% of the stock is owned by company 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. 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.
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