The WCM Investment Management CA Decreases Position in Workday, Inc. (WDAY)

The WCM Investment Management CA Decreases Position in Workday, Inc. (WDAY)

WCM Investment Management CA reduced its stake in shares of Workday, Inc. (NYSE:WDAY) by 99.1% during the third quarter, Holdings Channel reports. The fund owned 3,500 shares of the company’s stock after selling 373,805 shares during the period. WCM Investment Management CA’s holdings in Workday were worth $321,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WDAY. State of Wisconsin Investment Board raised its position in shares of Workday by 1.6% in the third quarter. State of Wisconsin Investment Board now owns 192,630 shares of the company’s stock valued at $17,662,000 after buying an additional 3,100 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Workday by 80.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 294,235 shares of the company’s stock valued at $26,978,000 after buying an additional 131,171 shares during the period. World Asset Management Inc raised its position in shares of Workday by 65.7% in the third quarter. World Asset Management Inc now owns 4,715 shares of the company’s stock valued at $432,000 after buying an additional 1,869 shares during the period. First Citizens Bank & Trust Co. acquired a new position in shares of Workday during the third quarter valued at about $945,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Workday by 3.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 314,033 shares of the company’s stock valued at $28,794,000 after buying an additional 10,901 shares during the period.

Workday, Inc. (NYSE:WDAY) traded up 1.38% during midday trading on Wednesday, reaching $82.11. 2,015,648 shares of the company traded hands. The firm has a 50-day moving average price of $72.67 and a 200-day moving average price of $81.58. The firm’s market capitalization is $16.50 billion. Workday, Inc. has a one year low of $47.32 and a one year high of $93.35.

Workday (NYSE:WDAY) last released its quarterly earnings results on Thursday, December 1st. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. The business earned $409.60 million during the quarter. Workday had a negative return on equity of 29.53% and a negative net margin of 26.36%. Workday’s quarterly revenue was up 34.2% on a year-over-year basis. Equities analysts predict that Workday, Inc. will post $0.03 EPS for the current fiscal year.

Several brokerages have recently issued reports on WDAY. Canaccord Genuity raised their target price on shares of Workday from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $100.00 target price (up previously from $90.00) on shares of Workday in a research note on Tuesday, October 4th. DA Davidson set a $107.00 target price on shares of Workday and gave the company a “buy” rating in a research note on Wednesday, September 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $93.00 target price on shares of Workday in a research note on Wednesday, September 28th. Finally, Nomura reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Workday in a research note on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $83.62.

In other news, CFO Robynne Sisco sold 3,008 shares of the firm’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $74.39, for a total transaction of $223,765.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aneel Bhusri sold 75,000 shares of the firm’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $71.73, for a total value of $5,379,750.00. The disclosure for this sale can be found here. Insiders own 41.78% of the company’s stock.

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. It operates in the cloud applications segment.

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