Schechter Investment Advisors LLC Sells 67 Shares of Workday, Inc. (NASDAQ:WDAY)

Schechter Investment Advisors LLC trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,867 shares of the software maker’s stock after selling 67 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Workday were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. SkyView Investment Advisors LLC bought a new position in shares of Workday during the second quarter worth about $66,000. Beacon Capital Management LLC grew its stake in Workday by 333.3% during the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after purchasing an additional 70 shares during the period. Exchange Traded Concepts LLC grew its stake in Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after purchasing an additional 105 shares during the period. CVA Family Office LLC acquired a new stake in Workday during the fourth quarter worth approximately $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Workday during the first quarter worth approximately $25,000. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 65,524 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $265.66, for a total transaction of $17,407,105.84. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,362,183.02. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Aneel Bhusri sold 3,335 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $265.89, for a total transaction of $886,743.15. Following the sale, the chief executive officer now directly owns 546,670 shares in the company, valued at approximately $145,354,086.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 65,524 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $265.66, for a total value of $17,407,105.84. Following the sale, the insider now owns 102,997 shares in the company, valued at $27,362,183.02. The disclosure for this sale can be found here. Insiders have sold a total of 463,484 shares of company stock worth $126,630,341 over the last ninety days. 21.09% of the stock is currently owned by company insiders.

Workday Stock Performance

Shares of WDAY opened at $273.62 on Thursday. The firm has a market cap of $72.24 billion, a PE ratio of 53.13, a PEG ratio of 6.93 and a beta of 1.33. The stock’s fifty day moving average price is $287.67 and its two-hundred day moving average price is $258.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. On average, equities research analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

WDAY has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Tuesday, February 27th. Guggenheim reissued a “sell” rating and issued a $190.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Mizuho raised their price objective on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group raised their price objective on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Morgan Stanley reduced their price objective on Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $293.61.

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.