Advisor Group Holdings Inc. Has $7.68 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Advisor Group Holdings Inc. lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAYGet Rating) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,888 shares of the software maker’s stock after buying an additional 73 shares during the period. Advisor Group Holdings Inc.’s holdings in Workday were worth $7,675,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Riverview Trust Co bought a new stake in shares of Workday in the 1st quarter valued at about $27,000. Whittier Trust Co. raised its holdings in shares of Workday by 152.0% in the 1st quarter. Whittier Trust Co. now owns 126 shares of the software maker’s stock valued at $30,000 after purchasing an additional 76 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Workday by 265.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 139 shares of the software maker’s stock valued at $38,000 after purchasing an additional 101 shares during the period. Vigilant Capital Management LLC bought a new stake in shares of Workday in the 1st quarter valued at about $36,000. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Workday in the 1st quarter valued at about $36,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Down 0.5 %

WDAY opened at $161.71 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The stock has a market cap of $41.07 billion, a price-to-earnings ratio of -1,347.58 and a beta of 1.39. Workday, Inc. has a twelve month low of $134.10 and a twelve month high of $307.81. The company’s 50-day moving average price is $148.24 and its two-hundred day moving average price is $195.00.

Workday (NASDAQ:WDAYGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The software maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). Workday had a negative net margin of 0.49% and a positive return on equity of 1.34%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities analysts expect that Workday, Inc. will post -0.65 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Workday from $249.00 to $239.00 in a report on Friday, May 27th. DA Davidson lowered their price target on shares of Workday from $250.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, May 27th. JPMorgan Chase & Co. lowered their price target on shares of Workday from $280.00 to $235.00 in a report on Friday, May 27th. Barclays lowered their price target on shares of Workday from $238.00 to $208.00 and set an “overweight” rating on the stock in a report on Friday, May 27th. Finally, Oppenheimer reissued a “buy” rating and issued a $190.00 price target on shares of Workday in a report on Wednesday, June 22nd. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $253.81.

Insider Activity

In other news, COO James Bozzini sold 5,030 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $138.49, for a total value of $696,604.70. Following the sale, the chief operating officer now owns 172,640 shares of the company’s stock, valued at $23,908,913.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Barbara A. Larson sold 1,962 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $138.49, for a total transaction of $271,717.38. Following the sale, the chief financial officer now owns 79,454 shares of the company’s stock, valued at approximately $11,003,584.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James Bozzini sold 5,030 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction of $696,604.70. Following the sale, the chief operating officer now directly owns 172,640 shares in the company, valued at approximately $23,908,913.60. The disclosure for this sale can be found here. Insiders have sold a total of 119,883 shares of company stock valued at $17,036,414 over the last quarter. Company insiders own 21.74% of the company’s stock.

Workday Company Profile

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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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