Workday Inc (NASDAQ:WDAY) Shares Bought by Banbury Partners LLC

Banbury Partners LLC grew its position in shares of Workday Inc (NASDAQ:WDAY) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,004 shares of the software maker’s stock after buying an additional 26,969 shares during the quarter. Workday makes up about 7.9% of Banbury Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Banbury Partners LLC owned 0.15% of Workday worth $32,250,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in Workday by 2.5% in the second quarter. Nordea Investment Management AB now owns 3,413 shares of the software maker’s stock valued at $331,000 after buying an additional 83 shares during the period. Global X Management Co. LLC raised its holdings in Workday by 9.3% in the second quarter. Global X Management Co. LLC now owns 1,136 shares of the software maker’s stock worth $110,000 after purchasing an additional 97 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Workday by 2.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,542 shares of the software maker’s stock worth $538,000 after purchasing an additional 126 shares during the period. IFP Advisors Inc raised its holdings in Workday by 17.6% in the second quarter. IFP Advisors Inc now owns 1,176 shares of the software maker’s stock worth $114,000 after purchasing an additional 176 shares during the period. Finally, First Personal Financial Services raised its holdings in Workday by 21.2% in the second quarter. First Personal Financial Services now owns 1,057 shares of the software maker’s stock worth $103,000 after purchasing an additional 185 shares during the period. Institutional investors own 67.54% of the company’s stock.

In related news, Director David A. Duffield sold 218,149 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $108.69, for a total transaction of $23,710,614.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robynne Sisco sold 5,267 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $107.36, for a total transaction of $565,465.12. The disclosure for this sale can be found here. Insiders sold a total of 1,509,197 shares of company stock worth $160,520,451 in the last 90 days. Corporate insiders own 37.71% of the company’s stock.

Shares of Workday Inc (NASDAQ:WDAY) traded down $0.46 during trading on Friday, hitting $101.74. 764,009 shares of the company traded hands, compared to its average volume of 2,389,286. The company has a market cap of $21,257.60, a price-to-earnings ratio of -62.04 and a beta of 1.83. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday Inc has a 12 month low of $65.79 and a 12 month high of $116.89.

Workday (NASDAQ:WDAY) last posted its earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. Workday had a negative net margin of 16.91% and a negative return on equity of 19.73%. The firm had revenue of $555.40 million for the quarter, compared to analyst estimates of $541.05 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. equities research analysts predict that Workday Inc will post -1.1 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. TheStreet raised shares of Workday from a “d+” rating to a “c” rating in a research report on Wednesday, November 29th. Barclays lifted their price objective on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. Drexel Hamilton reissued a “buy” rating and issued a $133.00 price objective on shares of Workday in a research report on Wednesday, November 29th. Oppenheimer reissued a “buy” rating and issued a $117.00 price objective on shares of Workday in a research report on Monday, September 18th. Finally, Bank of America raised their target price on shares of Workday from $123.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $103.03.

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Workday 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.

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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