Gateway Investment Advisers LLC Raises Holdings in Workday Inc (WDAY)

Gateway Investment Advisers LLC boosted its holdings in shares of Workday Inc (NASDAQ:WDAY) by 7.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,271 shares of the software maker’s stock after purchasing an additional 4,313 shares during the period. Gateway Investment Advisers LLC’s holdings in Workday were worth $6,641,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of WDAY. Advisor Group Inc. boosted its holdings in shares of Workday by 22.5% in the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock valued at $123,000 after acquiring an additional 236 shares in the last quarter. FNY Managed Accounts LLC boosted its holdings in shares of Workday by 607.7% in the third quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock valued at $145,000 after acquiring an additional 1,185 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Workday by 15.1% in the second quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock valued at $149,000 after acquiring an additional 201 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of Workday in the third quarter valued at about $204,000. Finally, BlueSky Wealth Advisors LLC purchased a new stake in shares of Workday in the third quarter valued at about $206,000. 66.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Workday Inc (NASDAQ:WDAY) opened at $114.11 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.74. The company has a market cap of $23,910.00, a PE ratio of -79.24 and a beta of 1.83. Workday Inc has a 52 week low of $80.61 and a 52 week high of $116.89.

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

Several analysts have recently weighed in on WDAY shares. Guggenheim started coverage on shares of Workday in a report on Monday, October 30th. They issued a “neutral” rating and a $105.00 target price on the stock. UBS Group reaffirmed a “sell” rating and issued a $95.00 target price (down previously from $121.00) on shares of Workday in a report on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $114.00 target price on shares of Workday in a report on Friday, November 10th. Barclays lifted their target price on shares of Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Finally, JMP Securities downgraded shares of Workday from a “market outperform” rating to a “market perform” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $106.81.

In other Workday news, Director Michael A. Stankey sold 12,500 shares of Workday stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $102.10, for a total transaction of $1,276,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 75,000 shares of Workday stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $100.34, for a total transaction of $7,525,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,197,306 shares of company stock valued at $126,753,397. 37.71% of the stock is currently owned by company insiders.

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About Workday

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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