M&T Bank Corp Trims Position in Workday Inc (WDAY)

M&T Bank Corp trimmed its position in shares of Workday Inc (NASDAQ:WDAY) by 51.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,524 shares of the software maker’s stock after selling 17,180 shares during the quarter. M&T Bank Corp’s holdings in Workday were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. First Trust Advisors LP boosted its stake in Workday by 286.1% during the third quarter. First Trust Advisors LP now owns 247,497 shares of the software maker’s stock worth $26,084,000 after buying an additional 183,391 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Workday by 418.4% during the third quarter. Cubist Systematic Strategies LLC now owns 122,840 shares of the software maker’s stock worth $12,946,000 after buying an additional 99,144 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Workday by 18.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 488,406 shares of the software maker’s stock worth $51,473,000 after buying an additional 75,058 shares during the period. Teacher Retirement System of Texas boosted its stake in Workday by 149.3% during the fourth quarter. Teacher Retirement System of Texas now owns 123,192 shares of the software maker’s stock worth $12,534,000 after buying an additional 73,767 shares during the period. Finally, Westpac Banking Corp boosted its stake in Workday by 108.0% during the fourth quarter. Westpac Banking Corp now owns 137,277 shares of the software maker’s stock worth $13,967,000 after buying an additional 71,266 shares during the period. 66.89% of the stock is owned by institutional investors.

Several research analysts have commented on the stock. Needham & Company LLC raised shares of Workday from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Monday, February 12th. BidaskClub raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Cleveland Research assumed coverage on shares of Workday in a research note on Wednesday, January 31st. They set a “buy” rating for the company. Guggenheim reaffirmed a “hold” rating and set a $106.00 price objective on shares of Workday in a research note on Thursday, January 11th. Finally, Morgan Stanley raised shares of Workday from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $108.00 to $145.00 in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $107.52.

Shares of Workday Inc (NASDAQ WDAY) opened at $124.01 on Friday. Workday Inc has a one year low of $80.61 and a one year high of $125.00. The firm has a market cap of $25,980.00, a PE ratio of -86.12 and a beta of 2.01. 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 (NASDAQ:WDAY) last released its quarterly earnings data 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 company had revenue of $555.40 million during the quarter, compared to analyst estimates of $541.05 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. analysts anticipate that Workday Inc will post -1.1 EPS for the current year.

In other Workday news, SVP James P. Shaughnessy sold 6,341 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $113.41, for a total value of $719,132.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aneel Bhusri sold 75,000 shares of the business’s 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. Insiders sold 1,197,306 shares of company stock valued at $126,753,397 over the last quarter. 37.71% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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