Sanctuary Advisors LLC Trims Stock Position in Workday, Inc. (NASDAQ:WDAY)

Sanctuary Advisors LLC trimmed its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,320 shares of the software maker’s stock after selling 313 shares during the period. Sanctuary Advisors LLC’s holdings in Workday were worth $7,625,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WDAY. Two Sigma Advisers LP lifted its holdings in Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after purchasing an additional 562,400 shares in the last quarter. KBC Group NV raised its position in shares of Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after buying an additional 506,812 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Workday by 10.7% during the third 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 during the period. Principal Financial Group Inc. boosted its position in Workday by 2,166.1% during the fourth quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock worth $104,044,000 after acquiring an additional 385,430 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in Workday in the 3rd quarter valued at $78,003,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction that occurred on 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 directly owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock valued at $113,142,592 in the last ninety days. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several analyst reports. Wells Fargo & Company raised their price objective on Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Morgan Stanley cut Workday from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $330.00 to $275.00 in a report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Bank of America decreased their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Loop Capital upped their price target on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $291.11.

Workday Trading Down 1.7 %

Shares of WDAY opened at $261.10 on Thursday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The stock has a 50-day moving average price of $261.36 and a 200 day moving average price of $252.47. 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 company has a market capitalization of $69.45 billion, a P/E ratio of 43.30, a P/E/G ratio of 3.51 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday Company 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.