Spirit of America Management Corp NY Acquires 200 Shares of Workday Inc (WDAY)

Spirit of America Management Corp NY increased its holdings in Workday Inc (NASDAQ:WDAY) by 2.0% during the first quarter, HoldingsChannel.com reports. The fund owned 10,125 shares of the software maker’s stock after buying an additional 200 shares during the period. Spirit of America Management Corp NY’s holdings in Workday were worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Shine Investment Advisory Services Inc. increased its holdings in shares of Workday by 60.9% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 148 shares of the software maker’s stock valued at $29,000 after acquiring an additional 56 shares during the period. Captrust Financial Advisors increased its holdings in shares of Workday by 60.0% in the 4th quarter. Captrust Financial Advisors now owns 160 shares of the software maker’s stock valued at $26,000 after acquiring an additional 60 shares during the period. Gemmer Asset Management LLC increased its holdings in shares of Workday by 0.7% in the 1st quarter. Gemmer Asset Management LLC now owns 9,251 shares of the software maker’s stock valued at $1,784,000 after acquiring an additional 64 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Workday by 5.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,331 shares of the software maker’s stock valued at $213,000 after acquiring an additional 65 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in shares of Workday by 22.6% in the 4th quarter. Proficio Capital Partners LLC now owns 369 shares of the software maker’s stock valued at $59,000 after acquiring an additional 68 shares during the period. 69.74% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on WDAY. Northland Securities reaffirmed a “hold” rating and issued a $200.00 target price on shares of Workday in a report on Friday, March 1st. Oppenheimer upped their price target on shares of Workday from $185.00 to $216.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. BNP Paribas initiated coverage on shares of Workday in a research note on Friday, March 29th. They set an “underperform” rating and a $125.00 price target on the stock. Exane BNP Paribas initiated coverage on shares of Workday in a research note on Friday, March 29th. They set an “underperform” rating on the stock. Finally, Jefferies Financial Group upped their price target on shares of Workday to $189.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $185.69.

In related news, SVP James P. Shaughnessy sold 4,800 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $194.83, for a total transaction of $935,184.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robynne Sisco sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $195.29, for a total transaction of $7,811,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,067,572 shares of company stock worth $197,108,849. 33.59% of the stock is owned by insiders.

NASDAQ:WDAY traded down $4.12 on Wednesday, reaching $191.67. The stock had a trading volume of 468,076 shares, compared to its average volume of 1,381,662. The firm has a market cap of $43.07 billion, a price-to-earnings ratio of -157.11 and a beta of 1.80. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. Workday Inc has a 12-month low of $117.24 and a 12-month high of $200.00.

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Workday Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

Read More: Index Funds

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc (NASDAQ:WDAY).

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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