Janus Henderson Group PLC Sells 4,760,355 Shares of Workday, Inc. (NASDAQ:WDAY)

Janus Henderson Group PLC decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 95.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 224,776 shares of the software maker’s stock after selling 4,760,355 shares during the quarter. Janus Henderson Group PLC’s holdings in Workday were worth $58,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDAY. Roxbury Financial LLC bought a new position in shares of Workday during the 4th quarter worth $25,000. Crews Bank & Trust acquired a new stake in Workday in the fourth quarter worth about $26,000. Avion Wealth increased its position 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 acquiring an additional 86 shares during the period. TCTC Holdings LLC acquired a new position in shares of Workday in the 4th quarter valued at $35,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after purchasing an additional 66 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. The trade was a 39.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 321,724 shares of company stock valued at $77,976,126. Insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on WDAY shares. The Goldman Sachs Group lifted their target price on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Morgan Stanley reduced their price target on Workday from $275.00 to $250.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Mizuho reduced their price target on Workday from $320.00 to $275.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada lifted their price target on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, Piper Sandler reduced their price target on Workday from $290.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.62.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $270.02 on Wednesday. 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 business’s 50 day moving average price is $238.96 and its 200-day moving average price is $252.65. The firm has a market capitalization of $71.83 billion, a PE ratio of 44.78, a P/E/G ratio of 3.55 and a beta of 1.30. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00.

Workday (NASDAQ:WDAY) last released 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). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal 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.