Cynosure Group LLC Has $5.83 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Cynosure Group LLC decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,595 shares of the software maker’s stock after selling 66 shares during the period. Workday comprises 0.9% of Cynosure Group LLC’s portfolio, making the stock its 22nd biggest holding. Cynosure Group LLC’s holdings in Workday were worth $5,830,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in shares of Workday during the 4th quarter worth about $25,000. Crews Bank & Trust acquired a new position in shares of Workday in the fourth quarter valued at approximately $26,000. Avion Wealth raised its stake in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC acquired a new position in shares of Workday during the 4th quarter worth about $35,000. Finally, Rakuten Securities Inc. grew its stake 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 purchasing an additional 66 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on WDAY. BNP Paribas upgraded Workday to a “strong-buy” rating in a research note on Friday, February 14th. KeyCorp lifted their price target on Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Guggenheim restated a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Daiwa America raised shares of Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. Finally, StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.18.

Insider Transactions at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 70,144 shares of Workday stock in a transaction on Monday, March 24th. The stock was sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at $25,776,029.22. The trade was a 40.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 431,145 shares of company stock worth $108,631,438. 20.00% of the stock is currently owned by insiders.

Workday Trading Up 0.4 %

Shares of Workday stock opened at $234.53 on Wednesday. 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 fifty day moving average of $256.02 and a 200 day moving average of $254.58. The company has a market capitalization of $62.38 billion, a P/E ratio of 38.89, a P/E/G ratio of 3.55 and a beta of 1.38. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. On average, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share 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.