Banco Santander S.A. Has $7.79 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Banco Santander S.A. decreased its position in Workday, Inc. (NASDAQ:WDAYGet Rating) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,550 shares of the software maker’s stock after selling 1,612 shares during the quarter. Banco Santander S.A.’s holdings in Workday were worth $7,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tower View Investment Management & Research LLC grew its position in shares of Workday by 0.7% in the fourth quarter. Tower View Investment Management & Research LLC now owns 6,643 shares of the software maker’s stock valued at $1,815,000 after purchasing an additional 47 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Workday by 0.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,284 shares of the software maker’s stock valued at $4,449,000 after purchasing an additional 49 shares during the last quarter. Lumature Wealth Partners LLC grew its position in shares of Workday by 1.8% in the fourth quarter. Lumature Wealth Partners LLC now owns 3,211 shares of the software maker’s stock valued at $877,000 after purchasing an additional 57 shares during the last quarter. Glassman Wealth Services grew its position in shares of Workday by 68.1% in the fourth quarter. Glassman Wealth Services now owns 158 shares of the software maker’s stock valued at $43,000 after purchasing an additional 64 shares during the last quarter. Finally, First National Trust Co grew its position in shares of Workday by 7.0% in the first quarter. First National Trust Co now owns 1,137 shares of the software maker’s stock valued at $272,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $161.71 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Workday, Inc. has a 12-month low of $134.10 and a 12-month high of $307.81. The business has a fifty day simple moving average of $148.24 and a 200 day simple moving average of $195.00.

Workday (NASDAQ:WDAYGet Rating) last announced its earnings results on Thursday, May 26th. The software maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Workday had a positive return on equity of 1.34% and a negative net margin of 0.49%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) earnings per share. On average, equities research analysts predict that Workday, Inc. will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, COO James Bozzini sold 5,030 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction of $696,604.70. Following the completion of the sale, the chief operating officer now directly owns 172,640 shares in the company, valued at approximately $23,908,913.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Workday news, COO James Bozzini sold 5,030 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction of $696,604.70. Following the completion of the sale, the chief operating officer now directly owns 172,640 shares in the company, valued at approximately $23,908,913.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 102,500 shares of the stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $142.63, for a total value of $14,619,575.00. Following the sale, the insider now owns 205,000 shares of the company’s stock, valued at $29,239,150. The disclosure for this sale can be found here. Insiders sold a total of 119,883 shares of company stock valued at $17,036,414 in the last three months. Insiders own 21.74% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of a number of analyst reports. Morgan Stanley reduced their price target on Workday from $320.00 to $310.00 in a research report on Friday, May 27th. KeyCorp reduced their price target on Workday from $229.00 to $207.00 and set an “overweight” rating on the stock in a research report on Friday, May 27th. Monness Crespi & Hardt reduced their price target on Workday to $200.00 in a research report on Friday, May 27th. Cowen reduced their price target on Workday from $310.00 to $250.00 in a research report on Monday, May 23rd. Finally, Mizuho reduced their price target on Workday from $300.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.81.

Workday Profile

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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

See Also

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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