CENTRAL TRUST Co Sells 4,130 Shares of Workday, Inc. (NASDAQ:WDAY)

CENTRAL TRUST Co trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 68.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,864 shares of the software maker’s stock after selling 4,130 shares during the quarter. CENTRAL TRUST Co’s holdings in Workday were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDAY. William Blair Investment Management LLC lifted its position in shares of Workday by 17.6% in the 1st quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock worth $8,849,000 after purchasing an additional 4,865 shares during the period. ORG Partners LLC raised its stake in Workday by 3,717.9% during the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock worth $721,000 after buying an additional 3,123 shares during the last quarter. Nordea Investment Management AB raised its stake in Workday by 3.0% during the first quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock worth $128,851,000 after buying an additional 13,502 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Workday by 42.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker’s stock valued at $3,649,000 after buying an additional 3,965 shares during the period. Finally, Vanguard Group Inc. boosted its position in Workday by 2.2% during the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after acquiring an additional 324,540 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares in the company, valued at approximately $68,004,810. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the sale, the director now directly owns 8,674 shares in the company, valued at $2,097,806.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America lifted their price objective on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 price target on shares of Workday in a research note on Wednesday, September 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Friday, September 13th. Evercore ISI cut their target price on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.04.

Workday Trading Up 0.4 %

Shares of WDAY stock opened at $237.71 on Friday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a 50-day simple moving average of $247.09 and a two-hundred day simple moving average of $237.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $62.99 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 4.90 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.40 earnings per share. Workday’s revenue was up 16.5% on a year-over-year basis. Research analysts anticipate that Workday, Inc. will post 2.4 EPS for the current fiscal year.

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.