Meeder Advisory Services Inc. Sells 142 Shares of Workday, Inc. (NASDAQ:WDAY)

Meeder Advisory Services Inc. trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,328 shares of the software maker’s stock after selling 142 shares during the period. Meeder Advisory Services Inc.’s holdings in Workday were worth $1,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Workday by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after buying an additional 1,016,394 shares during the period. Van ECK Associates Corp increased its stake in Workday by 17,345.2% in the second quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock worth $208,068,000 after purchasing an additional 925,366 shares during the period. D1 Capital Partners L.P. lifted its position in shares of Workday by 152.1% during the second quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after purchasing an additional 312,500 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Workday by 17,001.6% during the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after purchasing an additional 284,266 shares during the last quarter. Finally, Meritage Group LP grew its holdings in shares of Workday by 27.5% in the first quarter. Meritage Group LP now owns 1,277,359 shares of the software maker’s stock worth $348,400,000 after purchasing an additional 275,883 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This trade represents a 39.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the sale, the insider now directly owns 85,795 shares in the company, valued at $20,228,745.10. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock valued at $91,506,897 over the last 90 days. Insiders own 20.00% of the company’s stock.

Workday Stock Down 0.0 %

Workday stock opened at $259.36 on Tuesday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a market cap of $68.73 billion, a PE ratio of 45.18, a PEG ratio of 5.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The business’s 50-day simple moving average is $246.86 and its two-hundred day simple moving average is $236.54.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the company earned $0.40 EPS. Workday’s quarterly revenue was up 16.5% on a year-over-year basis. Equities analysts anticipate that Workday, Inc. will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WDAY. The Goldman Sachs Group boosted their price objective on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Evercore ISI dropped their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Needham & Company LLC decreased their target price on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. DA Davidson increased their price target on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Stifel Nicolaus lifted their price objective on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $289.46.

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.