Workday Inc (WDAY) Holdings Reduced by Legal & General Group Plc

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Legal & General Group Plc lowered its position in shares of Workday Inc (NASDAQ:WDAY) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 537,076 shares of the software maker’s stock after selling 843 shares during the quarter. Legal & General Group Plc owned approximately 0.25% of Workday worth $65,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WDAY. Global X Management Co. LLC boosted its position in Workday by 10.3% in the 1st quarter. Global X Management Co. LLC now owns 5,206 shares of the software maker’s stock valued at $662,000 after buying an additional 485 shares during the period. Rhumbline Advisers boosted its position in Workday by 0.5% in the 1st quarter. Rhumbline Advisers now owns 148,143 shares of the software maker’s stock valued at $18,830,000 after buying an additional 788 shares during the period. Comerica Bank boosted its position in Workday by 17.2% in the 1st quarter. Comerica Bank now owns 6,367 shares of the software maker’s stock valued at $840,000 after buying an additional 935 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Workday by 5.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,573 shares of the software maker’s stock valued at $4,267,000 after buying an additional 1,618 shares during the period. Finally, Commerce Bank purchased a new stake in Workday in the 1st quarter valued at about $209,000. Institutional investors own 67.96% of the company’s stock.

Shares of WDAY opened at $156.69 on Wednesday. Workday Inc has a fifty-two week low of $95.35 and a fifty-two week high of $157.12. The company has a market capitalization of $33.38 billion, a PE ratio of -123.38 and a beta of 2.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.77 and a quick ratio of 1.77.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. Workday had a negative net margin of 14.53% and a negative return on equity of 14.60%. The firm had revenue of $671.70 million during the quarter, compared to analysts’ expectations of $663.38 million. During the same quarter in the prior year, the company earned $0.24 EPS. The company’s revenue was up 27.9% compared to the same quarter last year. equities analysts expect that Workday Inc will post -0.78 EPS for the current year.

Several equities research analysts have issued reports on the stock. Moffett Nathanson reissued a “neutral” rating on shares of Workday in a research report on Friday, June 1st. BMO Capital Markets boosted their price objective on shares of Workday from $137.00 to $165.00 and gave the company a “market perform” rating in a research report on Wednesday. Wedbush reissued a “neutral” rating and issued a $124.00 price objective (down from $152.00) on shares of Workday in a research report on Wednesday. JMP Securities reissued an “outperform” rating and issued a $152.95 price objective (down from $175.00) on shares of Workday in a research report on Wednesday. They noted that the move was a valuation call. Finally, UBS Group boosted their price objective on shares of Workday to $145.00 and gave the company an “overweight” rating in a research report on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $135.65.

In related news, SVP James P. Shaughnessy sold 2,178 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $134.53, for a total transaction of $293,006.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aneel Bhusri sold 7,380 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $133.38, for a total transaction of $984,344.40. The disclosure for this sale can be found here. Insiders sold a total of 446,338 shares of company stock valued at $57,004,552 in the last ninety days. Corporate insiders own 33.59% of the company’s stock.

About Workday

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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