Shell Asset Management Co. Increases Stake in Workday, Inc. (WDAY)
Shell Asset Management Co. raised its stake in Workday, Inc. (NYSE:WDAY) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,001 shares of the software maker’s stock after buying an additional 183 shares during the period. Shell Asset Management Co.’s holdings in Workday were worth $666,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of WDAY. Matrix Capital Management Company LP purchased a new stake in shares of Workday during the third quarter worth approximately $468,573,000. Criterion Capital Management LLC boosted its stake in Workday by 17.6% in the third quarter. Criterion Capital Management LLC now owns 2,133,635 shares of the software maker’s stock worth $195,633,000 after buying an additional 319,900 shares in the last quarter. State Street Corp boosted its stake in Workday by 1.3% in the fourth quarter. State Street Corp now owns 2,068,704 shares of the software maker’s stock worth $136,714,000 after buying an additional 26,016 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Workday by 90.2% in the third quarter. Two Sigma Advisers LP now owns 815,700 shares of the software maker’s stock worth $74,792,000 after buying an additional 386,900 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Workday by 2.2% in the third quarter. Northern Trust Corp now owns 806,913 shares of the software maker’s stock worth $73,987,000 after buying an additional 17,015 shares in the last quarter.
Workday, Inc. (NYSE:WDAY) opened at 98.39 on Friday. Workday, Inc. has a 12 month low of $65.79 and a 12 month high of $104.53. The firm’s market capitalization is $20.37 billion. The stock’s 50 day moving average price is $96.28 and its 200-day moving average price is $84.55.
Workday (NYSE:WDAY) last posted its earnings results 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. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The business had revenue of $479.90 million during the quarter, compared to analyst estimates of $468.07 million. During the same quarter last year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 38.0% compared to the same quarter last year. On average, analysts forecast that Workday, Inc. will post $0.65 earnings per share for the current year.
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WDAY has been the topic of a number of research analyst reports. OTR Global raised shares of Workday to a “positive” rating in a research note on Friday, February 24th. Royal Bank of Canada reissued a “buy” rating and issued a $96.00 price target on shares of Workday in a research note on Thursday, February 23rd. Evercore ISI lowered Workday from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Vetr upgraded Workday from a “hold” rating to a “buy” rating and set a $93.50 price objective on the stock in a report on Monday, May 1st. Finally, Canaccord Genuity raised their price objective on Workday from $90.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, February 28th. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and thirteen have given a buy rating to the stock. Workday presently has a consensus rating of “Hold” and an average price target of $91.03.
In other news, Director George J. Still, Jr. sold 10,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $96.94, for a total value of $969,400.00. Following the completion of the sale, the director now owns 21,943 shares in the company, valued at $2,127,154.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robynne Sisco sold 18,965 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $83.42, for a total value of $1,582,060.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,204,369 shares of company stock valued at $109,904,686. Insiders own 41.78% of the company’s stock.
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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