Tudor Investment Corp ET AL Boosts Holdings in Workday Inc (WDAY)
Tudor Investment Corp ET AL grew its holdings in shares of Workday Inc (NYSE:WDAY) by 158.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,728 shares of the software maker’s stock after acquiring an additional 4,128 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Workday were worth $653,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Winfield Associates Inc. raised its stake in shares of Workday by 136.4% during the second quarter. Winfield Associates Inc. now owns 1,040 shares of the software maker’s stock worth $101,000 after acquiring an additional 600 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Workday by 47.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 573,715 shares of the software maker’s stock worth $55,650,000 after acquiring an additional 183,444 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Workday by 338.4% during the second quarter. First Trust Advisors LP now owns 64,106 shares of the software maker’s stock worth $6,218,000 after acquiring an additional 49,483 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Workday by 18.2% during the first quarter. Prudential Financial Inc. now owns 4,030 shares of the software maker’s stock worth $336,000 after acquiring an additional 620 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Workday by 15.3% during the second quarter. Teachers Advisors LLC now owns 201,054 shares of the software maker’s stock worth $19,502,000 after acquiring an additional 26,700 shares in the last quarter. 67.08% of the stock is currently owned by hedge funds and other institutional investors.
Workday Inc (NYSE:WDAY) opened at 110.23 on Monday. The stock’s market cap is $22.93 billion. Workday Inc has a 52-week low of $65.79 and a 52-week high of $111.45. The stock has a 50 day moving average price of $105.27 and a 200 day moving average price of $97.57.
Workday (NYSE:WDAY) last issued its quarterly earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.09. The firm had revenue of $525.30 million for the quarter, compared to analyst estimates of $507.44 million. Workday had a negative return on equity of 24.60% and a negative net margin of 15.71%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. Analysts expect that Workday Inc will post $0.83 EPS for the current fiscal year.
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In other Workday news, CEO Aneel Bhusri sold 11,091 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $102.70, for a total transaction of $1,139,045.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 5,262 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $102.75, for a total value of $540,670.50. The disclosure for this sale can be found here. Insiders sold 719,211 shares of company stock worth $77,520,886 over the last ninety days. Corporate insiders own 37.71% of the company’s stock.
Several brokerages recently commented on WDAY. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 target price on shares of Workday in a research note on Friday. Robert W. Baird reaffirmed a “buy” rating on shares of Workday in a research note on Friday. BidaskClub downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 22nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $117.00 target price on shares of Workday in a research note on Monday, September 18th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $100.00 target price (up from $94.00) on shares of Workday in a research note on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $99.06.
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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