Gulf International Bank UK Ltd boosted its position in Workday Inc (NYSE:WDAY) by 7.5% during the first quarter, Holdings Channel reports. The firm owned 37,290 shares of the software maker’s stock after buying an additional 2,610 shares during the period. Gulf International Bank UK Ltd’s holdings in Workday were worth $3,105,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. raised its stake in Workday by 14.9% in the third quarter. Advisor Group Inc. now owns 1,193 shares of the software maker’s stock worth $109,000 after buying an additional 155 shares during the period. TLP Group LLC raised its stake in Workday by 107.0% in the third quarter. TLP Group LLC now owns 1,414 shares of the software maker’s stock worth $130,000 after buying an additional 731 shares during the period. Nisa Investment Advisors LLC purchased a new stake in Workday during the third quarter worth $138,000. Integrated Wealth Counsel LLC purchased a new stake in Workday during the third quarter worth $138,000. Finally, Stanford Investment Group Inc. raised its stake in Workday by 2,101.0% in the fourth quarter. Stanford Investment Group Inc. now owns 2,201 shares of the software maker’s stock worth $145,000 after buying an additional 2,101 shares during the period.
Shares of Workday Inc (NYSE:WDAY) opened at 85.71 on Friday. The stock has a 50 day moving average of $83.28 and a 200 day moving average of $81.91. The stock’s market capitalization is $17.40 billion. Workday Inc has a 52-week low of $65.79 and a 52-week high of $93.35.
Workday (NYSE:WDAY) last announced its earnings results on Monday, February 27th. The software maker reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.08. The business earned $436.70 million during the quarter, compared to the consensus estimate of $430.19 million. Workday had a negative net margin of 26.36% and a negative return on equity of 29.55%. The firm’s revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. Analysts forecast that Workday Inc will post $0.51 earnings per share for the current year.
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WDAY has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 target price on shares of Workday in a report on Thursday, February 23rd. Drexel Hamilton reissued a “buy” rating and issued a $104.00 price target on shares of Workday in a report on Tuesday, February 7th. BTIG Research increased their price target on shares of Workday from $88.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Canaccord Genuity increased their price target on shares of Workday from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Finally, Wedbush raised shares of Workday from a “hold” rating to a “buy” rating in a report on Wednesday, March 1st. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and fourteen have assigned a buy rating to the stock. Workday currently has a consensus rating of “Hold” and an average target price of $86.44.
In other news, Director Michael M. Mcnamara sold 13,500 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $81.28, for a total transaction of $1,097,280.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark S. Peek sold 22,222 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $85.24, for a total transaction of $1,894,203.28. The disclosure for this sale can be found here. Insiders sold 816,519 shares of company stock valued at $67,551,281 over the last quarter. 41.78% of the stock is currently owned by corporate insiders.
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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