Traders Purchase Large Volume of Call Options on Workday (WDAY)
Workday Inc (NASDAQ:WDAY) was the recipient of some unusual options trading on Tuesday. Investors purchased 10,883 call options on the company. This is an increase of 958% compared to the typical volume of 1,029 call options.
In related news, CEO Aneel Bhusri sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $100.34, for a total value of $7,525,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark S. Peek sold 17,916 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.02, for a total value of $2,006,950.32. The disclosure for this sale can be found here. Insiders sold 1,197,306 shares of company stock valued at $126,753,397 over the last ninety days. 37.71% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP raised its position in Workday by 6.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,129,457 shares of the software maker’s stock worth $114,911,000 after acquiring an additional 69,700 shares in the last quarter. Guggenheim Capital LLC raised its position in Workday by 452.3% in the fourth quarter. Guggenheim Capital LLC now owns 34,135 shares of the software maker’s stock worth $3,473,000 after acquiring an additional 27,955 shares in the last quarter. Franklin Resources Inc. raised its position in Workday by 12.5% in the fourth quarter. Franklin Resources Inc. now owns 1,122,150 shares of the software maker’s stock worth $114,168,000 after acquiring an additional 124,330 shares in the last quarter. Clearbridge Investments LLC raised its position in Workday by 3.6% in the fourth quarter. Clearbridge Investments LLC now owns 242,243 shares of the software maker’s stock worth $24,646,000 after acquiring an additional 8,350 shares in the last quarter. Finally, Ensemble Capital Management LLC purchased a new position in Workday in the fourth quarter worth $407,000. Hedge funds and other institutional investors own 66.89% of the company’s stock.
Workday (NASDAQ:WDAY) last released its quarterly earnings data on Wednesday, November 29th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. Workday’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. sell-side analysts anticipate that Workday will post -1.1 EPS for the current fiscal year.
WDAY has been the subject of a number of research reports. Morgan Stanley upgraded Workday from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $108.00 to $145.00 in a research note on Wednesday, January 10th. Guggenheim initiated coverage on Workday in a research note on Monday, October 30th. They issued a “neutral” rating and a $105.00 price objective for the company. UBS Group reiterated a “sell” rating and issued a $95.00 price objective (down previously from $121.00) on shares of Workday in a research note on Thursday, November 9th. Robert W. Baird reiterated a “buy” rating and issued a $114.00 price objective on shares of Workday in a research note on Friday, November 10th. Finally, Barclays boosted their price objective on Workday from $108.00 to $117.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $107.52.
Workday Company Profile
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. 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.
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