Global Retirement Partners LLC Sells 132 Shares of Workday, Inc. (NASDAQ:WDAY)

Global Retirement Partners LLC lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,594 shares of the software maker’s stock after selling 132 shares during the period. Global Retirement Partners LLC’s holdings in Workday were worth $411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in Workday by 13.0% during the third quarter. Sequoia Financial Advisors LLC now owns 2,561 shares of the software maker’s stock valued at $626,000 after purchasing an additional 295 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Workday by 24,593.2% during the 3rd quarter. International Assets Investment Management LLC now owns 215,325 shares of the software maker’s stock valued at $52,628,000 after buying an additional 214,453 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Workday by 28.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,479 shares of the software maker’s stock worth $361,000 after buying an additional 327 shares during the last quarter. Dakota Wealth Management boosted its stake in Workday by 16.3% in the third quarter. Dakota Wealth Management now owns 4,091 shares of the software maker’s stock worth $1,000,000 after buying an additional 573 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in Workday by 27.0% during the third quarter. Ballentine Partners LLC now owns 1,892 shares of the software maker’s stock valued at $462,000 after acquiring an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WDAY shares. Scotiabank began coverage on shares of Workday in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price on the stock. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Loop Capital increased their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. Mizuho lifted their price target on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Morgan Stanley downgraded shares of Workday from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $330.00 to $275.00 in a research note on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $291.11.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares of the company’s stock, valued at $30,369,458. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the sale, the insider now directly owns 284,000 shares of the company’s stock, valued at $78,188,040. This represents a 16.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,819 shares of company stock worth $113,142,592. Insiders own 20.00% of the company’s stock.

Workday Trading Down 2.0 %

Workday stock opened at $256.39 on Monday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The business’s fifty day moving average is $260.75 and its 200 day moving average is $253.47. 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 stock has a market capitalization of $68.20 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 3.55 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 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. On average, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current 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.