Cypress Wealth Advisors LLC maintained its stake in shares of Workday Inc (NYSE:WDAY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,388 shares of the software maker’s stock at the end of the second quarter. Cypress Wealth Advisors LLC’s holdings in Workday were worth $329,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Winfield Associates Inc. boosted its stake in 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 boosted its stake in 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 boosted its stake in 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. boosted its stake in 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 boosted its stake in 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 institutional investors and hedge funds.
Workday (NYSE:WDAY) last released its earnings results on Wednesday, August 30th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The company had revenue of $525.30 million during the quarter, compared to analyst estimates of $507.44 million. Workday had a negative net margin of 15.71% and a negative return on equity of 24.60%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS.
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WDAY has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $116.00 target price on shares of Workday in a research note on Sunday, August 27th. Piper Jaffray Companies reissued a “buy” rating and set a $115.00 target price on shares of Workday in a research note on Tuesday, August 22nd. Canaccord Genuity reissued a “buy” rating and set a $115.00 target price on shares of Workday in a research note on Friday, July 7th. BidaskClub lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Drexel Hamilton restated a “buy” rating and set a $122.00 price objective on shares of Workday in a report on Tuesday, August 29th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $99.85.
In related news, Director David A. Duffield sold 175,974 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $108.51, for a total value of $19,094,938.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip W. Wilmington sold 5,148 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $102.77, for a total transaction of $529,059.96. The disclosure for this sale can be found here. Insiders sold a total of 1,574,566 shares of company stock valued at $170,342,437 over the last three months. 37.71% of the stock is currently owned by insiders.
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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