GPS Wealth Strategies Group LLC Has $161,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

GPS Wealth Strategies Group LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 49.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 624 shares of the software maker’s stock after selling 601 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Workday were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WDAY. Capital Performance Advisors LLP acquired a new position in Workday during the 3rd quarter valued at about $26,000. Crews Bank & Trust purchased a new position in shares of Workday during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. grew its holdings in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares in the last quarter. New Millennium Group LLC raised its position in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after buying an additional 94 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after acquiring an additional 143 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of WDAY stock opened at $259.77 on Tuesday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The business’s fifty day simple moving average is $261.07 and its 200-day simple moving average is $249.10. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $69.10 billion, a PE ratio of 43.08, a PEG ratio of 4.73 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of the sale, the insider now directly owns 60,000 shares in the company, valued at approximately $14,785,200. The trade was a 48.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Scotiabank initiated coverage on Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price on the stock. Loop Capital reduced their price target on shares of Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their target price on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $292.25.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.