Shine Investment Advisory Services Inc. Acquires 56 Shares of Workday Inc (WDAY)

Shine Investment Advisory Services Inc. raised its holdings in shares of Workday Inc (NASDAQ:WDAY) by 60.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148 shares of the software maker’s stock after acquiring an additional 56 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in Workday were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Workday by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 12,604,769 shares of the software maker’s stock worth $1,840,044,000 after purchasing an additional 98,167 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Workday by 0.8% in the third quarter. Vanguard Group Inc now owns 12,604,769 shares of the software maker’s stock worth $1,840,044,000 after acquiring an additional 98,167 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Workday by 6.0% in the fourth quarter. Jennison Associates LLC now owns 8,164,202 shares of the software maker’s stock worth $1,303,660,000 after acquiring an additional 462,730 shares during the last quarter. Norges Bank acquired a new stake in shares of Workday in the fourth quarter worth approximately $198,900,000. Finally, Northern Trust Corp boosted its position in shares of Workday by 6.8% in the fourth quarter. Northern Trust Corp now owns 986,368 shares of the software maker’s stock worth $157,504,000 after acquiring an additional 62,712 shares during the last quarter. Hedge funds and other institutional investors own 69.74% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BNP Paribas assumed coverage on shares of Workday in a research report on Friday, March 29th. They issued an “underperform” rating and a $125.00 target price on the stock. Piper Jaffray Companies reissued an “overweight” rating and issued a $220.00 target price on shares of Workday in a research report on Wednesday, February 27th. Monness Crespi & Hardt reissued a “buy” rating and issued a $220.00 target price (up from $185.00) on shares of Workday in a research report on Tuesday, February 26th. Citigroup raised their target price on shares of Workday from $106.00 to $138.00 and gave the stock a “sell” rating in a research report on Friday, March 1st. Finally, Atlantic Securities assumed coverage on shares of Workday in a research report on Wednesday, January 9th. They issued an “overweight” rating and a $206.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Workday has a consensus rating of “Buy” and a consensus price target of $185.69.

In other news, SVP James P. Shaughnessy sold 4,800 shares of Workday stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $184.98, for a total transaction of $887,904.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Aneel Bhusri sold 300,000 shares of Workday 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,067,572 shares of company stock worth $197,108,849. 33.59% of the stock is currently owned by corporate insiders.

Shares of WDAY stock opened at $195.79 on Wednesday. The company has a market cap of $43.07 billion, a price-to-earnings ratio of -160.48 and a beta of 1.80. 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 Inc has a fifty-two week low of $117.24 and a fifty-two week high of $200.00.

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About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to 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, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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