Workday, Inc. (NASDAQ:WDAY) Stock Holdings Lessened by Ownership Capital B.V.

Ownership Capital B.V. decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263,781 shares of the software maker’s stock after selling 181,694 shares during the period. Workday comprises approximately 7.8% of Ownership Capital B.V.’s investment portfolio, making the stock its 3rd largest holding. Ownership Capital B.V. owned approximately 0.48% of Workday worth $348,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WDAY. ORG Partners LLC raised its stake in Workday by 1.2% in the 4th quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock valued at $788,000 after purchasing an additional 34 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in Workday by 8.1% in the 4th quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock valued at $133,000 after purchasing an additional 36 shares during the last quarter. Meitav Investment House Ltd. raised its stake in Workday by 2.6% in the 4th quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock valued at $387,000 after purchasing an additional 36 shares during the last quarter. Cigna Investments Inc. New raised its stake in Workday by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock valued at $598,000 after purchasing an additional 37 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its stake in Workday by 0.9% in the 4th quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker’s stock valued at $1,294,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 1.2 %

Workday stock traded down $3.02 during midday trading on Friday, reaching $251.04. 2,549,113 shares of the stock traded hands, compared to its average volume of 1,310,809. The company has a 50-day simple moving average of $273.49 and a two-hundred day simple moving average of $263.77. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The firm has a market cap of $66.27 billion, a PE ratio of 48.75, a price-to-earnings-growth ratio of 6.35 and a beta of 1.32. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the business posted ($0.14) EPS. Workday’s revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts expect that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Citigroup increased their price objective on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. KeyCorp raised their target price on Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Needham & Company LLC raised their target price on Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, TheStreet raised Workday from a “c” rating to a “b-” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.61.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the transaction, the insider now owns 165,932 shares in the company, valued at approximately $48,749,162.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 in the last three months. 21.09% of the stock is owned by company 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.