Workday, Inc. (WDAY) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of Workday, Inc. (NYSE:WDAY) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,763 shares of the software maker’s stock after selling 12,766 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.07% of Workday worth $14,236,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. increased its stake in Workday by 7.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,254 shares of the software maker’s stock valued at $253,000 after buying an additional 230 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in Workday during the first quarter valued at approximately $640,000. State of Alaska Department of Revenue acquired a new stake in Workday during the first quarter valued at approximately $124,000. Gemmer Asset Management LLC increased its stake in Workday by 9.6% in the first quarter. Gemmer Asset Management LLC now owns 8,764 shares of the software maker’s stock valued at $730,000 after buying an additional 764 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Workday by 1.3% in the first quarter. Gateway Investment Advisers LLC now owns 80,094 shares of the software maker’s stock valued at $6,670,000 after buying an additional 1,012 shares during the last quarter.

Shares of Workday, Inc. (WDAY) opened at 101.90 on Wednesday. The company’s 50-day moving average is $100.80 and its 200-day moving average is $92.35. The company’s market cap is $21.09 billion. Workday, Inc. has a 12-month low of $65.79 and a 12-month high of $106.75.

Workday (NYSE:WDAY) last issued its quarterly earnings results on Thursday, June 1st. The software maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.13. Workday had a negative net margin of 22.99% and a negative return on equity of 27.75%. The business had revenue of $479.90 million for the quarter, compared to the consensus estimate of $468.07 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. Equities research analysts predict that Workday, Inc. will post $0.65 earnings per share for the current year.

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Several research firms have recently commented on WDAY. Wunderlich reissued a “hold” rating and set a $96.00 target price (up from $86.00) on shares of Workday in a research report on Saturday, June 3rd. Cowen and Company reissued a “market perform” rating and set a $93.00 target price (up from $83.00) on shares of Workday in a research report on Saturday, June 3rd. Credit Suisse Group reissued a “neutral” rating and set a $94.00 target price (up from $91.00) on shares of Workday in a research report on Saturday, June 3rd. Jefferies Group LLC reissued a “hold” rating and set a $92.00 target price (up from $84.00) on shares of Workday in a research report on Saturday, June 3rd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $95.00 target price (up from $85.00) on shares of Workday in a research report on Saturday, June 3rd. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.37.

In other Workday news, CEO Aneel Bhusri sold 75,000 shares of Workday stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $102.87, for a total transaction of $7,715,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robynne Sisco sold 1,043 shares of Workday stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $102.91, for a total transaction of $107,335.13. The disclosure for this sale can be found here. Insiders have sold 1,252,638 shares of company stock worth $124,884,087 in the last ninety days. 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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Institutional Ownership by Quarter for Workday (NYSE:WDAY)

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