Qube Research & Technologies Ltd Takes $2.07 Million Position in Workday Inc (NASDAQ:WDAY)

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Qube Research & Technologies Ltd acquired a new stake in Workday Inc (NASDAQ:WDAY) in the second quarter, Holdings Channel.com reports. The fund acquired 10,053 shares of the software maker’s stock, valued at approximately $2,067,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Workday by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 123,024 shares of the software maker’s stock worth $19,646,000 after buying an additional 7,353 shares in the last quarter. Altman Advisors Inc. lifted its holdings in shares of Workday by 1.7% in the first quarter. Altman Advisors Inc. now owns 10,659 shares of the software maker’s stock worth $2,056,000 after buying an additional 183 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Workday in the first quarter worth about $228,000. Meeder Asset Management Inc. purchased a new stake in shares of Workday in the first quarter worth about $31,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Workday in the first quarter worth about $272,000. 65.99% of the stock is owned by institutional investors and hedge funds.

In other Workday news, Director David A. Duffield sold 281 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $219.67, for a total transaction of $61,727.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP James P. Shaughnessy sold 1,500 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $213.68, for a total transaction of $320,520.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 756,292 shares of company stock worth $154,605,671. 29.80% of the stock is owned by company insiders.

Shares of WDAY stock traded up $6.40 during trading on Friday, hitting $192.39. The company had a trading volume of 1,562,200 shares, compared to its average volume of 1,429,317. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The stock’s 50-day moving average is $207.49 and its two-hundred day moving average is $199.56. The stock has a market capitalization of $42.03 billion, a price-to-earnings ratio of -157.70 and a beta of 1.54. Workday Inc has a 52 week low of $117.72 and a 52 week high of $226.83.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, May 28th. The software maker reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.03). The company had revenue of $825.10 million during the quarter, compared to the consensus estimate of $814.21 million. Workday had a negative return on equity of 14.92% and a negative net margin of 15.19%. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the company posted $0.33 earnings per share. On average, research analysts predict that Workday Inc will post -1.06 EPS for the current fiscal year.

WDAY has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Canaccord Genuity increased their price target on shares of Workday from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Northland Securities reissued a “hold” rating and issued a $240.00 price target on shares of Workday in a report on Tuesday, May 28th. Monness Crespi & Hardt reissued a “buy” rating and issued a $262.00 price target (up from $250.00) on shares of Workday in a report on Wednesday, May 29th. Finally, Compass Point initiated coverage on shares of Workday in a report on Tuesday, August 13th. They issued a “buy” rating and a $238.00 price target on the stock. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $207.31.

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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