American International Group Inc. decreased its position in Workday, Inc. (NYSE:WDAY) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,650 shares of the software maker’s stock after selling 58 shares during the period. American International Group Inc.’s holdings in Workday were worth $221,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Workday by 29.5% in the first quarter. Toronto Dominion Bank now owns 1,335 shares of the software maker’s stock worth $111,000 after buying an additional 304 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Workday during the first quarter valued at $124,000. Mutual of America Capital Management LLC increased its position in Workday by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 1,950 shares of the software maker’s stock valued at $162,000 after buying an additional 324 shares during the period. Chicago Equity Partners LLC purchased a new position in Workday during the first quarter valued at $212,000. Finally, Capstone Asset Management Co. purchased a new position in Workday during the first quarter valued at $234,000.
Shares of Workday, Inc. (NYSE:WDAY) traded up 1.84% during mid-day trading on Wednesday, reaching $103.78. The company had a trading volume of 145,865 shares. The stock has a 50 day moving average price of $100.80 and a 200 day moving average price of $92.35. The firm’s market capitalization is $21.48 billion. Workday, Inc. has a 12-month low of $65.79 and a 12-month high of $106.75.
Workday (NYSE:WDAY) last posted its earnings results on Thursday, June 1st. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Workday had a negative return on equity of 27.75% and a negative net margin of 22.99%. The company had revenue of $479.90 million for the quarter, compared to the consensus estimate of $468.07 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. On average, equities analysts forecast that Workday, Inc. will post $0.65 earnings per share for the current year.
WDAY has been the topic of a number of research analyst reports. Vetr raised shares of Workday from a “hold” rating to a “buy” rating and set a $93.50 target price for the company in a research report on Monday, May 1st. Canaccord Genuity reissued a “buy” rating and issued a $115.00 target price on shares of Workday in a research report on Friday, July 7th. Deutsche Bank AG restated a “hold” rating and issued a $95.00 price objective (up from $85.00) on shares of Workday in a research note on Saturday, June 3rd. Wedbush boosted their price objective on shares of Workday from $96.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $92.00 price objective (up from $84.00) on shares of Workday in a research note on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $92.37.
In related news, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $102.87, for a total value of $7,715,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 1,043 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $102.91, for a total value of $107,335.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,252,638 shares of company stock worth $124,884,087. Company insiders own 37.71% of the company’s stock.
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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