Grandview Asset Management LLC Has $270,000 Holdings in Workday Inc (WDAY)

Grandview Asset Management LLC Has $270,000 Holdings in Workday Inc (WDAY)

Grandview Asset Management LLC raised its holdings in shares of Workday Inc (NASDAQ:WDAY) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,400 shares of the software maker’s stock after buying an additional 100 shares during the period. Grandview Asset Management LLC’s holdings in Workday were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDAY. Nvwm LLC raised its stake in shares of Workday by 2.6% during the fourth quarter. Nvwm LLC now owns 5,073 shares of the software maker’s stock valued at $810,000 after acquiring an additional 127 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Workday by 0.8% during the fourth quarter. State of Alaska Department of Revenue now owns 17,941 shares of the software maker’s stock valued at $2,864,000 after acquiring an additional 144 shares during the last quarter. Cypress Asset Management Inc. TX raised its stake in shares of Workday by 175.7% during the fourth quarter. Cypress Asset Management Inc. TX now owns 11,620 shares of the software maker’s stock valued at $1,855,000 after acquiring an additional 7,405 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Workday by 3.8% during the fourth quarter. Standard Life Aberdeen plc now owns 7,699 shares of the software maker’s stock valued at $1,220,000 after acquiring an additional 279 shares during the last quarter. Finally, Telemark Asset Management LLC bought a new position in shares of Workday during the fourth quarter valued at about $15,968,000. Institutional investors and hedge funds own 68.79% of the company’s stock.

In other Workday news, CEO Aneel Bhusri sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $179.58, for a total transaction of $53,874,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Duffield sold 278,758 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $179.40, for a total transaction of $50,009,185.20. The disclosure for this sale can be found here. Insiders have sold 1,125,508 shares of company stock valued at $208,331,415 in the last ninety days. Insiders own 29.80% of the company’s stock.

Shares of NASDAQ WDAY traded up $5.11 on Thursday, reaching $210.10. 27,848 shares of the company’s stock traded hands, compared to its average volume of 1,782,050. Workday Inc has a 12 month low of $117.24 and a 12 month high of $208.33. The company has a market capitalization of $45.97 billion, a price-to-earnings ratio of -172.23 and a beta of 1.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, February 28th. The software maker reported ($0.29) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.02. Workday had a negative net margin of 14.82% and a negative return on equity of 14.75%. The business had revenue of $788.63 million during the quarter, compared to the consensus estimate of $776.84 million. On average, analysts forecast that Workday Inc will post -1.2 earnings per share for the current fiscal year.

Several equities analysts have recently commented on WDAY shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Workday in a research note on Friday, March 1st. Deutsche Bank upped their price objective on shares of Workday from $155.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price objective (up from $170.00) on shares of Workday in a research note on Friday, March 1st. Northland Securities reaffirmed a “hold” rating and set a $200.00 price objective on shares of Workday in a research note on Friday, March 1st. Finally, KeyCorp upped their price objective on shares of Workday from $216.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Workday presently has an average rating of “Buy” and an average price target of $185.69.

Workday 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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