Workday Inc (WDAY) Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Workday Inc (NASDAQ:WDAY) by 8.5% during the first quarter, Holdings Channel reports. The fund owned 673,358 shares of the software maker’s stock after acquiring an additional 52,495 shares during the period. First Trust Advisors LP’s holdings in Workday were worth $129,857,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc grew its stake in shares of Workday by 0.8% during the third quarter. Vanguard Group Inc now owns 12,604,769 shares of the software maker’s stock worth $1,840,044,000 after acquiring an additional 98,167 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Workday by 6.0% during the fourth quarter. Jennison Associates LLC now owns 8,164,202 shares of the software maker’s stock worth $1,303,660,000 after acquiring an additional 462,730 shares during the last quarter. Norges Bank purchased a new stake in shares of Workday during the fourth quarter worth about $198,900,000. Northern Trust Corp grew its stake in shares of Workday by 6.8% during the fourth quarter. Northern Trust Corp now owns 986,368 shares of the software maker’s stock worth $157,504,000 after acquiring an additional 62,712 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Workday by 1,817.2% during the fourth quarter. 1832 Asset Management L.P. now owns 912,600 shares of the software maker’s stock worth $143,537,000 after acquiring an additional 865,000 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Workday stock opened at $209.09 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11. Workday Inc has a 12 month low of $117.24 and a 12 month high of $213.98. The company has a market capitalization of $46.71 billion, a price-to-earnings ratio of -171.38 and a beta of 1.79.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, February 28th. The software maker reported ($0.29) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.02. Workday had a negative return on equity of 14.75% and a negative net margin of 14.82%. The business had revenue of $788.63 million for the quarter, compared to analyst estimates of $776.84 million. Sell-side analysts expect that Workday Inc will post -1.2 earnings per share for the current year.

In other Workday news, Director David A. Duffield sold 278,758 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $179.40, for a total value of $50,009,185.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $179.58, for a total value of $53,874,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,126,562 shares of company stock worth $208,547,706. Insiders own 29.80% of the company’s stock.

A number of equities research analysts recently commented on WDAY shares. KeyCorp upped their target price on Workday from $179.00 to $216.00 and gave the company an “overweight” rating in a research report on Monday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price (up previously from $170.00) on shares of Workday in a research report on Friday, March 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 target price on shares of Workday in a research report on Friday, March 1st. Deutsche Bank upped their target price on Workday from $155.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $220.00 target price on shares of Workday in a research report on Wednesday, February 27th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $186.00.

TRADEMARK VIOLATION WARNING: This article was published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/24/workday-inc-wday-shares-bought-by-first-trust-advisors-lp.html.

Workday Company Profile

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.

See Also: What is intrinsic value?

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).

Institutional Ownership by Quarter for Workday (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.