Parametric Portfolio Associates LLC Increases Holdings in Workday Inc (NASDAQ:WDAY)

Parametric Portfolio Associates LLC increased its holdings in shares of Workday Inc (NASDAQ:WDAY) by 34.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,677 shares of the software maker’s stock after purchasing an additional 51,559 shares during the period. Parametric Portfolio Associates LLC owned 0.09% of Workday worth $41,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Advisory Alpha LLC purchased a new position in Workday in the 1st quarter valued at about $30,000. Strategy Asset Managers LLC purchased a new position in Workday in the 1st quarter valued at about $31,000. Carroll Financial Associates Inc. boosted its position in Workday by 47.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 168 shares of the software maker’s stock valued at $34,000 after buying an additional 54 shares during the last quarter. Advantage Investment Management LLC boosted its position in Workday by 89.0% in the 2nd quarter. Advantage Investment Management LLC now owns 189 shares of the software maker’s stock valued at $39,000 after buying an additional 89 shares during the last quarter. Finally, Motco purchased a new position in Workday in the 2nd quarter valued at about $39,000. 66.62% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on WDAY. Wedbush upped their price objective on shares of Workday from $209.00 to $211.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Wells Fargo & Co set a $210.00 price objective on shares of Workday and gave the company a “buy” rating in a research report on Friday, August 30th. Compass Point began coverage on shares of Workday in a research report on Tuesday, August 13th. They issued a “buy” rating and a $238.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Workday to $250.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, ValuEngine raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $212.45.

In related news, CFO Robynne Sisco sold 10,235 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $218.42, for a total transaction of $2,235,528.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aneel Bhusri sold 300,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $175.27, for a total transaction of $52,581,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,031,631 shares of company stock worth $190,343,200. 29.80% of the stock is owned by company insiders.

WDAY traded up $5.98 on Monday, hitting $173.57. 41,582 shares of the company’s stock were exchanged, compared to its average volume of 2,291,295. The firm has a market cap of $38.85 billion, a PE ratio of -142.22 and a beta of 1.56. Workday Inc has a twelve month low of $117.72 and a twelve month high of $226.83. The stock has a fifty day moving average of $189.29 and a two-hundred day moving average of $198.42. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.05). The business had revenue of $887.75 million for the quarter, compared to analyst estimates of $872.44 million. Workday had a negative return on equity of 15.05% and a negative net margin of 15.25%. Workday’s revenue was up 32.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. On average, analysts predict that Workday Inc will post -1.15 EPS for the current year.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and 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, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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