Could Workday Inc See a Reversal After Today’s Strong Options Activity?

 Could Workday Inc See a Reversal After Today's Strong Options Activity?

In today’s session Workday Inc (WDAY) recorded an unusually high (4,507) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious WDAY decrease. With 4,507 contracts traded and 3744 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: WDAY161216P00080000 closed last at: $3 or 27.7% up. About 110,696 shares traded hands. Workday Inc (NYSE:WDAY) has risen 5.73% since April 1, 2016 and is uptrending. It has outperformed by 4.51% 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 4.77% above today’s ($83.25) stock price. Workday has been the topic of 96 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, April 1 by Piper Jaffray. The stock has “Underperform” rating given by Wedbush on Friday, May 27. As per Thursday, August 25, the company rating was maintained by Nomura. On Thursday, August 25 the stock rating was downgraded by First Analysis to “Equal-Weight”. Canaccord Genuity maintained the shares of WDAY in a report on Wednesday, September 30 with “Buy” rating. Oppenheimer maintained it with “Outperform” rating and $90 target price in Thursday, August 25 report. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, February 19. BTIG Research maintained the shares of WDAY in a report on Thursday, August 25 with “Buy” rating. The company was maintained on Thursday, August 25 by Morgan Stanley. The firm earned “Market Perform” rating on Thursday, August 25 by BMO Capital Markets.

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 2016 Q2. Its down 0.02, from 1.17 in 2016Q1. The ratio turned negative, 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.
Moreover, Crosslink Cap has 3.22% invested in Workday Inc (NYSE:WDAY) for 239,590 shares. First Republic Investment Incorporated holds 0.06% of its portfolio in Workday Inc (NYSE:WDAY) for 79,997 shares. Scge Management Ltd Partnership has 9.24% invested in the company for 400,000 shares. Envestnet Asset Mgmt accumulated 16,038 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.03% invested in the company for 30,589 shares. Commerzbank Aktiengesellschaft Fi holds 48,836 shares or 0.02% of its portfolio. Clearbridge Limited Liability Co has 1,310 shares for 0% of their US portfolio. Ent Financial, a Missouri-based fund reported 15 shares. Glg Lp last reported 0% of its portfolio in the stock. Engineers Gate Manager L P reported 4,987 shares or 0.03% of all its holdings. Thornburg Invest Mgmt accumulated 0.08% or 131,941 shares. Alliancebernstein L P holds 76,928 shares or 0% of its portfolio. Strs Ohio accumulated 0.01% or 15,818 shares. Criterion Capital Mgmt holds 1.81 million shares or 6.48% of its portfolio. Glg Limited Liability Corporation reported 5,834 shares or 0.03% of all its holdings.

Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 64 selling transactions for $222.24 million net activity. The insider Shaughnessy James P sold $158,513. STILL GEORGE J JR had sold 10,000 shares worth $790,572 on Monday, June 13. Shares for $612,000 were sold by MCNAMARA MICHAEL M on Tuesday, September 6. Shares for $70,868 were sold by Sisco Robynne. WILMINGTON PHILIP W sold 15,631 shares worth $1.37M. 112,600 shares were sold by Stankey Michael A., worth $9.94 million on Thursday, September 8. DUFFIELD DAVID A sold $221,019 worth of stock.

Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The company has a market cap of $16.20 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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