Capital Advantage Inc. Sells 356 Shares of Workday, Inc. (NASDAQ:WDAY)

Capital Advantage Inc. lessened its holdings in Workday, Inc. (NASDAQ:WDAY) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,278 shares of the software maker’s stock after selling 356 shares during the period. Workday comprises 0.8% of Capital Advantage Inc.’s holdings, making the stock its 26th biggest position. Capital Advantage Inc.’s holdings in Workday were worth $4,458,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new stake in shares of Workday in the 4th quarter valued at $25,000. Crews Bank & Trust acquired a new stake in shares of Workday during the 4th quarter worth about $26,000. Avion Wealth lifted its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC purchased a new stake in Workday during the 4th quarter worth approximately $35,000. Finally, Rakuten Securities Inc. raised its holdings in Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock valued at $39,000 after acquiring an additional 66 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark S. Garfield sold 497 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock valued at $77,976,126 in the last ninety days. 20.00% of the stock is currently owned by corporate insiders.

Workday Price Performance

Shares of WDAY opened at $248.34 on Tuesday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. 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 simple moving average of $238.83 and a 200 day simple moving average of $252.01. The firm has a market capitalization of $66.06 billion, a PE ratio of 41.18, a P/E/G ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. KeyCorp increased their target price on shares of Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. DA Davidson reduced their price objective on shares of Workday from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Monday, March 24th. Daiwa America raised Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, Mizuho lowered their price target on Workday from $320.00 to $275.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $292.86.

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.