Workday, Inc. (NASDAQ:WDAY) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,098 shares of the software maker’s stock after selling 45 shares during the period. Richard W. Paul & Associates LLC’s holdings in Workday were worth $283,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WDAY. Roxbury Financial LLC purchased a new stake in shares of Workday during the fourth quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Workday during the third quarter valued at $26,000. Crews Bank & Trust purchased a new stake in shares of Workday during the fourth quarter valued at $26,000. Avion Wealth grew its holdings in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Up 1.1 %

WDAY stock opened at $263.34 on Friday. The company has a market cap of $70.05 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 3.55 and a beta of 1.35. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The firm has a 50-day moving average of $259.69 and a two-hundred day moving average of $254.92.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

WDAY has been the topic of several recent research reports. Scotiabank upped their price target on shares of Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a report on Thursday. Canaccord Genuity Group upped their price target on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday. Redburn Atlantic initiated coverage on shares of Workday in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Workday in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

Insider Activity

In other news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the sale, the director now directly owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 433,321 shares of company stock valued at $111,763,803 in the last 90 days. Company insiders own 20.00% of the company’s stock.

Workday Company Profile

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.