Versor Investments LP Has $982,000 Stake in Workday, Inc. $WDAY

Versor Investments LP boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 121.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,205 shares of the software maker’s stock after purchasing an additional 2,303 shares during the quarter. Versor Investments LP’s holdings in Workday were worth $982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Private Trust Co. NA raised its stake in Workday by 15.2% in the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock worth $74,000 after purchasing an additional 42 shares in the last quarter. Salvus Wealth Management LLC raised its stake in Workday by 2.8% in the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock worth $387,000 after purchasing an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after purchasing an additional 46 shares in the last quarter. AE Wealth Management LLC raised its stake in Workday by 0.4% in the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock worth $2,778,000 after purchasing an additional 46 shares in the last quarter. Finally, Bristlecone Advisors LLC raised its position in shares of Workday by 1.6% in the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the sale, the chief executive officer directly owned 1,472 shares of the company’s stock, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 72,551 shares of Workday stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total transaction of $17,383,945.11. Following the completion of the sale, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $24,679,111.17. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 329,005 shares of company stock valued at $79,203,523. 19.31% of the stock is currently owned by corporate insiders.

Workday Trading Up 2.5%

NASDAQ:WDAY opened at $231.85 on Tuesday. The firm’s fifty day moving average is $234.25 and its 200-day moving average is $243.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The firm has a market cap of $61.90 billion, a P/E ratio of 128.09, a P/E/G ratio of 3.42 and a beta of 1.24.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the firm posted $1.74 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley set a $255.00 target price on shares of Workday and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Barclays set a $298.00 target price on shares of Workday and gave the company an “overweight” rating in a research report on Monday. UBS Group set a $250.00 target price on shares of Workday and gave the company a “neutral” rating in a research report on Tuesday, August 12th. Stifel Nicolaus dropped their target price on shares of Workday from $310.00 to $275.00 and set a “hold” rating for the company in a research report on Friday, May 23rd. Finally, Loop Capital dropped their target price on shares of Workday from $285.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $293.08.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.