Tocqueville Asset Management L.P. Has $11.29 Million Stake in Workday, Inc. (WDAY)
Tocqueville Asset Management L.P. boosted its stake in Workday, Inc. (NYSE:WDAY) by 19.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,380 shares of the software maker’s stock after buying an additional 19,040 shares during the period. Tocqueville Asset Management L.P. owned 0.06% of Workday worth $11,289,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Wetherby Asset Management Inc. boosted its stake in Workday by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 10,667 shares of the software maker’s stock worth $888,000 after buying an additional 85 shares during the period. Russell Investments Group Ltd. boosted its stake in Workday by 45.2% in the first quarter. Russell Investments Group Ltd. now owns 629,077 shares of the software maker’s stock worth $52,398,000 after buying an additional 195,796 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in Workday by 70.0% in the first quarter. Nikko Asset Management Americas Inc. now owns 5,100 shares of the software maker’s stock worth $425,000 after buying an additional 2,100 shares during the period. Shell Asset Management Co. boosted its stake in Workday by 2.3% in the first quarter. Shell Asset Management Co. now owns 8,001 shares of the software maker’s stock worth $666,000 after buying an additional 183 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in Workday during the first quarter worth about $241,000.
Shares of Workday, Inc. (NYSE WDAY) opened at 104.89 on Wednesday. The firm’s market capitalization is $21.71 billion. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $106.75. The stock’s 50 day moving average price is $101.40 and its 200-day moving average price is $92.93.
Workday (NYSE:WDAY) last issued its quarterly earnings data on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.13. The company had revenue of $479.90 million for the quarter, compared to analysts’ expectations of $468.07 million. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. Equities analysts predict that Workday, Inc. will post $0.66 earnings per share for the current year.
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A number of research firms have recently commented on WDAY. Royal Bank Of Canada dropped their price target on shares of Workday from $105.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. UBS AG reissued a “buy” rating and issued a $115.00 price target (up previously from $103.00) on shares of Workday in a research report on Friday, June 2nd. Mitsubishi UFJ Financial Group set a $106.00 target price on shares of Workday and gave the stock a “buy” rating in a research report on Saturday, June 3rd. BMO Capital Markets boosted their target price on shares of Workday from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, August 17th. Finally, ValuEngine raised shares of Workday from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $93.20.
In related news, CEO Aneel Bhusri sold 8,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.65, for a total value of $896,146.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James P. Shaughnessy sold 8,760 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $103.62, for a total value of $907,711.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,285,592 shares of company stock worth $128,237,888. Insiders own 37.71% 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.
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