Orion Portfolio Solutions LLC Cuts Position in Workday, Inc. (NASDAQ:WDAY)

Orion Portfolio Solutions LLC lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,942 shares of the software maker’s stock after selling 6,681 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Workday were worth $14,650,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WDAY. Janus Henderson Group PLC lifted its position in shares of Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after buying an additional 480,459 shares in the last quarter. State Street Corp raised its position in Workday by 1.4% during the third quarter. State Street Corp now owns 4,842,729 shares of the software maker’s stock worth $1,183,611,000 after acquiring an additional 67,380 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Workday by 0.6% during the third quarter. The Manufacturers Life Insurance Company now owns 2,316,167 shares of the software maker’s stock valued at $566,094,000 after purchasing an additional 14,159 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Workday by 4.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker’s stock valued at $482,133,000 after purchasing an additional 75,747 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after purchasing an additional 118,180 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $245.36, for a total value of $13,740,160.00. Following the transaction, the insider now owns 449,000 shares in the company, valued at approximately $110,166,640. This represents a 11.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the sale, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. The trade was a 17.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 361,463 shares of company stock worth $88,422,088. 20.00% of the stock is currently owned by company insiders.

Workday Trading Up 1.4 %

Shares of WDAY stock opened at $266.42 on Friday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a 50 day moving average price of $250.42 and a 200 day moving average price of $237.55. The stock has a market capitalization of $70.60 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 4.91 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04.

Workday (NASDAQ:WDAYGet Free Report) last announced its quarterly earnings data 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 6.21% and a net margin of 19.86%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the topic of several research analyst reports. Barclays lowered their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Stifel Nicolaus boosted their price target on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Bank of America reduced their price objective on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $288.14.

Get Our Latest Stock Report on WDAY

Workday Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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