Workday, Inc. (WDAY) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. raised its position in shares of Workday, Inc. (NYSE:WDAY) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 733,366 shares of the software maker’s stock after buying an additional 59,356 shares during the quarter. Ameriprise Financial Inc. owned about 0.35% of Workday worth $71,130,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Capstone Asset Management Co. purchased a new position in Workday during the 1st quarter valued at approximately $234,000. Waldron LP grew its holdings in Workday by 167.1% during the 1st quarter. Waldron LP now owns 11,102 shares of the software maker’s stock valued at $896,000 after buying an additional 6,946 shares in the last quarter. ProShare Advisors LLC purchased a new position in Workday during the 1st quarter valued at approximately $241,000. Chicago Equity Partners LLC purchased a new position in Workday during the 1st quarter valued at approximately $212,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Workday by 151.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,170 shares of the software maker’s stock valued at $714,000 after buying an additional 4,924 shares in the last quarter. Institutional investors and hedge funds own 67.08% of the company’s stock.
In related news, Director George J. Still, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $106.68, for a total transaction of $1,066,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael A. Stankey sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $106.86, for a total value of $2,671,500.00. The disclosure for this sale can be found here. Insiders have sold 1,310,752 shares of company stock worth $134,888,238 in the last quarter. Insiders own 37.71% of the company’s stock.
WDAY has been the subject of several research analyst reports. UBS AG restated a “buy” rating and set a $115.00 price target (up previously from $103.00) on shares of Workday in a report on Friday, June 2nd. Bank of America Corporation restated a “buy” rating and set a $114.00 price target (up previously from $96.00) on shares of Workday in a report on Friday, June 2nd. Drexel Hamilton restated a “buy” rating and set a $114.00 price target on shares of Workday in a report on Wednesday, May 31st. Canaccord Genuity restated a “buy” rating and set a $115.00 price target on shares of Workday in a report on Friday, June 2nd. Finally, Mitsubishi UFJ Financial Group set a $106.00 price target on Workday and gave the company a “buy” rating in a report on Saturday, June 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $98.79.
Workday, Inc. (NYSE:WDAY) opened at 106.56 on Tuesday. The stock’s market capitalization is $22.16 billion. Workday, Inc. has a 52 week low of $65.79 and a 52 week high of $111.45. The company’s 50-day moving average price is $104.25 and its 200 day moving average price is $95.70.
Workday (NYSE:WDAY) last posted its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.09. Workday had a negative return on equity of 24.07% and a negative net margin of 19.78%. The company had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $507.44 million. During the same period last year, the firm earned ($0.04) earnings per share. Workday’s quarterly revenue was up 40.6% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post $0.82 EPS for the current fiscal year.
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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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