Ownership Action To Observe: Workday Inc Sentiment Increases on Better Stock Potential

November 30, 2016 - By Ellis Scott   ·   0 Comments

Ownership Action To Observe: Workday Inc Sentiment  Increases on Better Stock Potential

Sentiment for Workday Inc (NYSE:WDAY)

Workday Inc (NYSE:WDAY) institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.27, from 1.15 in 2016Q1. The ratio improved, as 132 active investment managers increased and opened new positions, while 115 sold and trimmed holdings in Workday Inc. The active investment managers in our partner’s database now own: 123.31 million shares, down from 125.34 million shares in 2016Q1. Also, the number of active investment managers holding Workday Inc in their top 10 positions decreased from 9 to 5 for a decrease of 4. Sold All: 35 Reduced: 80 Increased: 90 New Position: 42.

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The company has a market cap of $16.63 billion. The Firm delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It currently has negative earnings. It operates in the cloud applications segment.

The stock increased 1.05% or $0.87 during the last trading session, hitting $84.05. Workday Inc (NYSE:WDAY) has risen 10.69% since April 27, 2016 and is uptrending. It has outperformed by 5.47% the S&P500.

Analysts await Workday Inc (NYSE:WDAY) to report earnings on December, 1 after the close. They expect $-0.51 earnings per share, down 41.67% or $0.15 from last year’s $-0.36 per share. After $-0.49 actual earnings per share reported by Workday Inc for the previous quarter, Wall Street now forecasts 4.08% negative EPS growth.

According to Zacks Investment Research, “Workday, Inc. is engaged in providing enterprise cloud applications for human resources and finance. It delivers Human Capital Management, Financial Management, Payroll, Time Tracking, Procurement, and Employee Expense Management applications. The Company provides its customers the applications to manage critical business functions for their financial and human capital resources. It serves technology, financial services, business services, healthcare and life sciences, manufacturing, and consumer and retail industries, as well as education and government industries. Workday, Inc. is headquartered in Pleasanton, California.”

Tybourne Capital Management Hk Ltd holds 10.65% of its portfolio in Workday Inc for 2.75 million shares. Allen Operations Llc owns 111,992 shares or 10.44% of their US portfolio. Moreover, Scge Management L.P. has 9.24% invested in the company for 400,000 shares. The California-based Glynn Capital Management Llc has invested 7.45% in the stock. Criterion Capital Management Llc, a California-based fund reported 1.81 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 58 sales for $172.81 million net activity.

Workday Inc (NYSE:WDAY) Ratings Coverage

Ratings analysis reveals 38% of Workday’s analysts are positive. Out of 37 Wall Street analysts rating Workday, 14 give it “Buy”, 2 “Sell” rating, while 21 recommend “Hold”. The lowest target is $49 while the high is $110. The stock’s average target of $87.22 is 3.77% above today’s ($84.05) share price. WDAY was included in 96 notes of analysts from August 5, 2015. The firm has “Neutral” rating given on Wednesday, September 28 by Nomura. The rating was maintained by UBS on Wednesday, September 28 with “Buy”. On Tuesday, August 25 the stock rating was maintained by Oppenheimer with “Outperform”. Citigroup upgraded the shares of WDAY in a report on Thursday, August 27 to “Neutral” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, May 26. FBR Capital maintained it with “Outperform” rating and $90 target price in Thursday, August 27 report. The rating was maintained by Robert W. Baird with “Outperform” on Wednesday, September 28. The firm has “Hold” rating by Cross Research given on Tuesday, May 31. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 28 report. The stock of Workday Inc (NYSE:WDAY) has “Buy” rating given on Thursday, August 25 by BTIG Research.

WDAY Company Profile

Workday, Inc., incorporated on March 16, 2012, is a well-known provider of enterprise cloud applications for finance and human resources. The Firm 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. 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. The Company’s applications include Workday Financial Management, Workday Human Capital Management (HCM) and Workday Insight Applications. It also provides open, standards Web-services application programming interfaces, and pre-built packaged integrations and connectors.

Another recent and important Workday Inc (NYSE:WDAY) news was published by Prnewswire.com which published an article titled: “Accu-Time Systems Becomes a Workday Certified Solution Partner” on November 14, 2016.

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By Ellis Scott

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