Intellectus Partners LLC Has $1.68 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Intellectus Partners LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,496 shares of the software maker’s stock after selling 100 shares during the quarter. Intellectus Partners LLC’s holdings in Workday were worth $1,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HM Payson & Co. raised its stake in shares of Workday by 34.4% in the fourth quarter. HM Payson & Co. now owns 2,869 shares of the software maker’s stock worth $740,000 after acquiring an additional 735 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Workday by 18.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 84,782 shares of the software maker’s stock worth $21,876,000 after purchasing an additional 13,431 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Workday during the 4th quarter worth $217,000. Callan Family Office LLC acquired a new position in Workday during the 4th quarter worth $236,000. Finally, Hartford Funds Management Co LLC boosted its position in Workday by 6.1% in the 4th quarter. Hartford Funds Management Co LLC now owns 2,281 shares of the software maker’s stock valued at $589,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WDAY. Mizuho upped their price target on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Canaccord Genuity Group boosted their price objective on Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Loop Capital raised their target price on shares of Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. KeyCorp boosted their price target on shares of Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Redburn Atlantic initiated coverage on shares of Workday in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $302.14.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares of the company’s stock, valued at $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 435,829 shares of company stock worth $113,033,319. 20.00% of the stock is owned by insiders.

Workday Stock Performance

Shares of Workday stock opened at $252.38 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $67.13 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The stock’s 50-day moving average is $258.39 and its 200-day moving average is $255.61. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

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

Workday 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.