Workday, Inc. (NASDAQ:WDAY) Position Reduced by Grace Capital

Grace Capital reduced its position in shares of Workday, Inc. (NASDAQ:WDAY) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 650 shares of the software maker’s stock after selling 300 shares during the quarter. Grace Capital’s holdings in Workday were worth $155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Price T Rowe Associates Inc. MD raised its holdings in shares of Workday by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,576,619 shares of the software maker’s stock worth $2,130,690,000 after purchasing an additional 207,483 shares in the last quarter. Janus Henderson Group PLC grew its position in Workday by 52.2% in the first quarter. Janus Henderson Group PLC now owns 3,314,094 shares of the software maker’s stock worth $823,319,000 after buying an additional 1,136,922 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Workday by 124.8% in the first quarter. Clearbridge Investments LLC now owns 2,460,146 shares of the software maker’s stock valued at $611,174,000 after buying an additional 1,365,598 shares in the last quarter. Sustainable Growth Advisers LP lifted its position in shares of Workday by 21.8% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,449,293 shares of the software maker’s stock valued at $608,478,000 after acquiring an additional 438,663 shares during the last quarter. Finally, Lone Pine Capital LLC bought a new stake in shares of Workday during the 1st quarter worth $534,985,000. 69.20% of the stock is currently owned by institutional investors.

Workday stock opened at $267.19 on Tuesday. The business has a 50 day moving average price of $247.31 and a two-hundred day moving average price of $243.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. Workday, Inc. has a 12 month low of $195.81 and a 12 month high of $282.77. The stock has a market cap of $66.26 billion, a price-to-earnings ratio of -1,484.31 and a beta of 1.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Wednesday, August 25th. The software maker reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.45. Workday had a positive return on equity of 3.49% and a negative net margin of 0.79%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the company posted $0.84 earnings per share. Workday’s revenue was up 18.7% on a year-over-year basis. On average, analysts expect that Workday, Inc. will post 0.09 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. Bank of America upped their target price on Workday from $300.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 27th. William Blair reaffirmed a “buy” rating on shares of Workday in a research note on Friday, August 27th. Cowen lifted their target price on shares of Workday from $250.00 to $260.00 and gave the stock a “market perform” rating in a research report on Friday, August 27th. Wells Fargo & Company assumed coverage on shares of Workday in a report on Monday. They set an “overweight” rating and a $320.00 price target on the stock. Finally, Robert W. Baird lifted their price objective on shares of Workday from $259.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, August 27th. Four analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Workday currently has a consensus rating of “Buy” and an average price target of $302.31.

In other news, CEO Gomez Luciano Fernandez sold 2,571 shares of the business’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $276.53, for a total value of $710,958.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard Harry Sauer sold 2,469 shares of Workday stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $228.37, for a total value of $563,845.53. The disclosure for this sale can be found here. Insiders have sold a total of 299,105 shares of company stock valued at $80,910,048 over the last ninety days. 24.06% of the stock is owned by insiders.

Workday Company Profile

Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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