Workday, Inc. (NASDAQ:WDAY) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,868 shares of the software maker’s stock after selling 700 shares during the quarter. Y.D. More Investments Ltd’s holdings in Workday were worth $1,772,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Workday by 47.1% during the third quarter. GAMMA Investing LLC now owns 1,021 shares of the software maker’s stock worth $250,000 after buying an additional 327 shares during the period. Diversified Trust Co raised its holdings in shares of Workday by 35.5% during the 3rd quarter. Diversified Trust Co now owns 6,546 shares of the software maker’s stock valued at $1,600,000 after buying an additional 1,716 shares during the period. CWM LLC lifted its position in Workday by 24.8% during the 3rd quarter. CWM LLC now owns 7,800 shares of the software maker’s stock worth $1,907,000 after acquiring an additional 1,549 shares in the last quarter. Marcum Wealth LLC purchased a new position in Workday in the 3rd quarter worth approximately $226,000. Finally, Wedmont Private Capital grew its position in Workday by 5.4% in the third quarter. Wedmont Private Capital now owns 1,171 shares of the software maker’s stock valued at $276,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WDAY. StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada lifted their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Citigroup lowered their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Loop Capital lowered their price objective on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $300.00 target price on shares of Workday in a report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $292.25.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $259.73 on Wednesday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a 50 day moving average price of $260.91 and a 200 day moving average price of $249.30. The stock has a market capitalization of $69.09 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 4.73 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. Analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the transaction, the director now directly owns 6,845 shares of the company’s stock, valued at $1,732,401.05. The trade was a 21.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is owned by insiders.

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.