SWS Partners Reduces Holdings in Workday, Inc. (NASDAQ:WDAY)

SWS Partners reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,051 shares of the software maker’s stock after selling 809 shares during the period. SWS Partners’ holdings in Workday were worth $1,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stephens Inc. AR raised its stake in shares of Workday by 19.3% during the third quarter. Stephens Inc. AR now owns 9,441 shares of the software maker’s stock valued at $2,307,000 after acquiring an additional 1,528 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Workday by 12.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,228 shares of the software maker’s stock worth $4,700,000 after buying an additional 2,076 shares during the period. Angeles Wealth Management LLC grew its position in shares of Workday by 7.5% in the 3rd quarter. Angeles Wealth Management LLC now owns 1,512 shares of the software maker’s stock worth $370,000 after buying an additional 106 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Workday by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 299,023 shares of the software maker’s stock valued at $73,084,000 after buying an additional 18,009 shares during the period. Finally, Vestor Capital LLC bought a new position in shares of Workday during the third quarter valued at approximately $44,000. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $254.57 on Tuesday. The firm has a market capitalization of $67.72 billion, a P/E ratio of 42.22, a PEG ratio of 3.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The business has a fifty day moving average of $259.48 and a 200 day moving average of $255.31.

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

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the transaction, the insider now owns 284,000 shares of the company’s stock, valued at approximately $78,188,040. This trade represents a 16.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 369,374 shares of company stock worth $95,786,918 in the last 90 days. 20.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent analyst reports. Mizuho lifted their price target on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. UBS Group boosted their price target on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Morgan Stanley lowered shares of Workday from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. BNP Paribas upgraded Workday to a “strong-buy” rating in a report on Friday, February 14th. Finally, Loop Capital increased their target price on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $302.14.

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.