Landscape Capital Management L.L.C. Decreases Stake in Workday, Inc. (NASDAQ:WDAY)

Landscape Capital Management L.L.C. lowered its stake in Workday, Inc. (NASDAQ:WDAY) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,414 shares of the software maker’s stock after selling 1,555 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Workday were worth $2,687,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bristlecone Advisors LLC raised its holdings in Workday by 49.6% during the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Workday by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after acquiring an additional 1,978 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock worth $182,753,000 after purchasing an additional 119,769 shares during the period. Burns Matteson Capital Management LLC bought a new stake in shares of Workday in the fourth quarter worth about $369,000. Finally, Worldquant Millennium Advisors LLC increased its holdings in Workday by 387.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock valued at $86,926,000 after purchasing an additional 282,632 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

WDAY opened at $228.33 on Friday. The company has a fifty day moving average of $255.12 and a 200 day moving average of $254.27. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The stock has a market capitalization of $60.74 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS 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 the consensus estimate of $2.18 billion. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WDAY shares. The Goldman Sachs Group boosted their price objective on shares of Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Guggenheim restated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Royal Bank of Canada raised their price objective on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Citigroup decreased their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $300.18.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 71,672 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $25,602,994.26. This represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 111,324 shares of the company’s stock, 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 ninety days, insiders sold 429,316 shares of company stock valued at $108,168,536. 20.00% of the stock is owned by corporate insiders.

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.