Workday Inc (WDAY) Holdings Trimmed by ING Groep NV

ING Groep NV cut its holdings in shares of Workday Inc (NASDAQ:WDAY) by 64.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,629 shares of the software maker’s stock after selling 2,945 shares during the period. ING Groep NV’s holdings in Workday were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. bought a new stake in shares of Workday in the third quarter valued at about $185,000. Athena Capital Advisors LLC bought a new stake in shares of Workday in the third quarter valued at about $202,000. Nisa Investment Advisors LLC lifted its holdings in shares of Workday by 55.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the software maker’s stock valued at $170,000 after purchasing an additional 500 shares in the last quarter. Grassi Investment Management bought a new stake in shares of Workday in the third quarter valued at about $215,000. Finally, Traynor Capital Management Inc. bought a new stake in shares of Workday in the third quarter valued at about $218,000. Hedge funds and other institutional investors own 66.71% of the company’s stock.

A number of analysts have recently commented on WDAY shares. BidaskClub upgraded Workday from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Oppenheimer boosted their price target on Workday from $136.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, September 5th. Royal Bank of Canada boosted their price target on Workday to $159.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. Wells Fargo & Co boosted their price target on Workday from $130.00 to $150.00 and gave the company a “market perform” rating in a report on Wednesday, September 5th. Finally, Wedbush restated a “neutral” rating and issued a $124.00 price target (down from $152.00) on shares of Workday in a report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $150.61.

WDAY opened at $133.10 on Friday. Workday Inc has a 52-week low of $95.35 and a 52-week high of $157.12. The stock has a market cap of $27.52 billion, a P/E ratio of -104.80 and a beta of 2.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.89 and a current ratio of 1.89.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, September 4th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $671.70 million for the quarter, compared to analyst estimates of $663.38 million. Workday had a negative return on equity of 13.36% and a negative net margin of 13.81%. Workday’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. Equities research analysts predict that Workday Inc will post -1.11 EPS for the current year.

In other Workday news, SVP James P. Shaughnessy sold 4,800 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $144.08, for a total transaction of $691,584.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aneel Bhusri sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $144.66, for a total value of $10,849,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 503,782 shares of company stock worth $68,244,014. Company insiders own 33.59% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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