Major Move Is Coming For Workday Inc After Bearish Options Activity

 Major Move Is Coming For Workday Inc After Bearish Options Activity

In today’s session Workday Inc (WDAY) recorded an unusually high (1,100) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious WDAY decrease. With 1,100 contracts traded and 8314 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: WDAY161118P00090000 closed last at: $3.8 or 19.1% down. About 117,086 shares traded hands. Workday Inc (NYSE:WDAY) has risen 25.24% since March 4, 2016 and is uptrending. It has outperformed by 17.20% the S&P500.

Workday Inc (NYSE:WDAY) Ratings Coverage

Out of 37 analysts covering Workday (NYSE:WDAY), 14 rate it a “Buy”, 2 “Sell”, while 21 “Hold”. This means 38% are positive. $110 is the highest target while $49 is the lowest. The $87.22 average target is -4.50% below today’s ($91.33) stock price. Workday has been the topic of 96 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Northland Capital maintained the shares of WDAY in a report on Friday, November 20 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, August 27 by RBC Capital Markets. Brean Capital maintained it with “Sell” rating and $62 target price in Thursday, August 25 report. Robert W. Baird maintained the shares of WDAY in a report on Wednesday, September 28 with “Outperform” rating. The stock has “Buy” rating given by Wunderlich on Thursday, August 25. The stock of Workday Inc (NYSE:WDAY) has “Hold” rating given on Thursday, August 27 by Deutsche Bank. The firm has “Buy” rating given on Monday, October 3 by Canaccord Genuity. The stock of Workday Inc (NYSE:WDAY) earned “Hold” rating by Cross Research on Tuesday, May 31. RBC Capital Markets maintained Workday Inc (NYSE:WDAY) on Monday, November 16 with “Outperform” rating. The firm earned “Buy” rating on Friday, November 20 by Canaccord Genuity.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.02, from 1.17 in 2016Q1. The ratio dived, as 35 funds sold all Workday Inc shares owned while 80 reduced positions. 42 funds bought stakes while 90 increased positions. They now own 123.31 million shares or 1.62% less from 125.34 million shares in 2016Q1.
Los Angeles And Equity Research accumulated 0.01% or 20,905 shares. Mutual Of America Limited Liability Corporation accumulated 1,751 shares or 0% of the stock. Legal & General Group Public Ltd Liability Corporation has 448,600 shares for 0.04% of their US portfolio. Old Mutual Customised Solutions (Proprietary) last reported 0.03% of its portfolio in the stock. State Of Wisconsin Board holds 0.06% of its portfolio in Workday Inc (NYSE:WDAY) for 189,530 shares. Primecap Mgmt Co Ca holds 0% or 10,000 shares in its portfolio. Benjamin F Edwards & Comm has 1,450 shares for 0.02% of their US portfolio. Moreover, State Street Corporation has 0.02% invested in Workday Inc (NYSE:WDAY) for 1.93 million shares. Dg Capital Management Incorporated last reported 1.89% of its portfolio in the stock. Aqr Capital Limited Liability Co holds 0% of its portfolio in Workday Inc (NYSE:WDAY) for 30,661 shares. Srs Mngmt Ltd Liability Corporation has 586,000 shares for 1.33% of their US portfolio. Geode Cap Ltd Llc accumulated 0.03% or 712,661 shares. Franklin Res last reported 732,630 shares in the company. Appleton Prns Ma has invested 0.12% of its portfolio in Workday Inc (NYSE:WDAY). Champlain Invest Ltd Liability Corporation holds 0.72% or 562,615 shares in its portfolio.

Insider Transactions: Since April 13, 2016, the stock had 0 insider purchases, and 64 insider sales for $223.04 million net activity. 1,942 shares with value of $162,491 were sold by Shaughnessy James P on Monday, August 15. Sisco Robynne had sold 897 shares worth $70,868 on Friday, July 15. STILL GEORGE J JR sold $2.51 million worth of stock or 31,000 shares. Stankey Michael A. sold $942,558 worth of Workday Inc (NYSE:WDAY) on Friday, April 15. $3.86 million worth of Workday Inc (NYSE:WDAY) shares were sold by BHUSRI ANEEL. Another trade for 6,800 shares valued at $578,000 was made by MCNAMARA MICHAEL M on Tuesday, August 30. 12,500 shares were sold by Bozzini James, worth $1.01 million.

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The company has a market cap of $18.08 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.

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.

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