Brown Advisory Inc. decreased its holdings in shares of Workday Inc (NASDAQ:WDAY) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 428,135 shares of the software maker’s stock after selling 5,680 shares during the quarter. Brown Advisory Inc.’s holdings in Workday were worth $43,559,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. grew its stake in Workday by 22.5% in the 2nd quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after buying an additional 236 shares during the last quarter. FNY Managed Accounts LLC grew its stake in Workday by 607.7% in the 3rd quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after buying an additional 1,185 shares during the last quarter. Toronto Dominion Bank grew its stake in Workday by 15.1% in the 2nd quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after buying an additional 201 shares during the last quarter. IBM Retirement Fund acquired a new position in Workday in the 3rd quarter valued at $204,000. Finally, BlueSky Wealth Advisors LLC acquired a new position in Workday in the 3rd quarter valued at $206,000. Institutional investors own 68.19% of the company’s stock.
In other news, SVP James P. Shaughnessy sold 6,409 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $103.47, for a total transaction of $663,139.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gomez Luciano Fernandez sold 1,709 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $124.23, for a total transaction of $212,309.07. The disclosure for this sale can be found here. Insiders have sold a total of 1,199,015 shares of company stock valued at $126,965,706 over the last ninety days. 37.71% of the stock is owned by insiders.
A number of research analysts recently issued reports on WDAY shares. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $120.00 target price on shares of Workday in a research note on Tuesday, November 28th. BidaskClub lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Barclays raised their target price on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Guggenheim started coverage on shares of Workday in a research note on Monday, October 30th. They issued a “neutral” rating and a $105.00 target price on the stock. Finally, Deutsche Bank raised their target price on shares of Workday from $105.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $108.91.
Workday Inc (WDAY) opened at $124.36 on Friday. The company has a market cap of $26,120.00, a PE ratio of -86.36 and a beta of 2.01. Workday Inc has a 1-year low of $80.61 and a 1-year high of $128.32. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $555.40 million during the quarter, compared to the consensus estimate of $541.05 million. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. research analysts anticipate that Workday Inc will post -1.1 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was first posted by Zolmax and is the property of of Zolmax. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://zolmax.com/investing/brown-advisory-inc-has-43-56-million-stake-in-workday-inc-wday/1963521.html.
Workday Company Profile
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.
Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday Inc (NASDAQ:WDAY).
Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.