Alps Advisors Inc. Purchases New Stake in Workday Inc (NASDAQ:WDAY)

Alps Advisors Inc. purchased a new stake in shares of Workday Inc (NASDAQ:WDAY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,050 shares of the software maker’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CNB Bank grew its position in Workday by 564.6% during the third quarter. CNB Bank now owns 319 shares of the software maker’s stock valued at $54,000 after buying an additional 271 shares during the period. Symmetry Partners LLC bought a new position in Workday during the third quarter valued at about $220,000. Cullen Frost Bankers Inc. grew its position in Workday by 16.1% during the third quarter. Cullen Frost Bankers Inc. now owns 93,519 shares of the software maker’s stock valued at $15,895,000 after buying an additional 12,965 shares during the period. Empowered Funds LLC grew its position in Workday by 21.4% during the third quarter. Empowered Funds LLC now owns 6,399 shares of the software maker’s stock valued at $1,088,000 after buying an additional 1,126 shares during the period. Finally, Synovus Financial Corp grew its position in Workday by 88.5% during the third quarter. Synovus Financial Corp now owns 213 shares of the software maker’s stock valued at $36,000 after buying an additional 100 shares during the period. Institutional investors own 66.80% of the company’s stock.

A number of brokerages have weighed in on WDAY. BidaskClub lowered shares of Workday from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 7th. Monness Crespi & Hardt set a $262.00 target price on shares of Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. Societe Generale upgraded shares of Workday from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities set a $225.00 target price on shares of Workday and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Citigroup upgraded shares of Workday from a “sell” rating to a “neutral” rating and increased their target price for the stock from $138.00 to $192.00 in a research report on Friday, August 30th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $211.36.

WDAY stock opened at $163.97 on Tuesday. The firm has a 50 day moving average of $166.35 and a 200-day moving average of $191.84. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Workday Inc has a 12 month low of $117.72 and a 12 month high of $226.83. The firm has a market capitalization of $36.79 billion, a P/E ratio of -134.40 and a beta of 1.49.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 29th. The software maker reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.05). Workday had a negative net margin of 15.25% and a negative return on equity of 15.05%. The firm had revenue of $887.75 million during the quarter, compared to the consensus estimate of $872.44 million. During the same quarter last year, the business posted $0.31 earnings per share. Workday’s revenue was up 32.2% compared to the same quarter last year. Sell-side analysts predict that Workday Inc will post -1.17 EPS for the current year.

In other news, insider Petros Dermetzis sold 3,556 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $175.09, for a total value of $622,620.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robynne Sisco sold 10,238 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $182.42, for a total transaction of $1,867,615.96. The disclosure for this sale can be found here. Insiders sold 1,099,707 shares of company stock valued at $189,341,183 over the last 90 days. 29.80% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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