TrimTabs Asset Management LLC Sells 47 Shares of Workday, Inc. (NASDAQ:WDAY)


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TrimTabs Asset Management LLC lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,474 shares of the software maker’s stock after selling 47 shares during the period. TrimTabs Asset Management LLC’s holdings in Workday were worth $1,865,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bainco International Investors acquired a new stake in shares of Workday in the 4th quarter valued at $27,000. Birchcreek Wealth Management LLC acquired a new stake in shares of Workday in the 4th quarter valued at $29,000. Childress Capital Advisors LLC acquired a new stake in shares of Workday during the 4th quarter valued at $30,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Workday during the 4th quarter valued at $30,000. Finally, Jackson Grant Investment Advisers Inc. acquired a new position in Workday during the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 67.98% of the company’s stock.

WDAY stock traded up $3.14 during midday trading on Thursday, reaching $255.07. 26,887 shares of the company’s stock traded hands, compared to its average volume of 1,957,627. The company has a 50-day moving average price of $252.78 and a two-hundred day moving average price of $235.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.45. Workday, Inc. has a 52 week low of $132.27 and a 52 week high of $282.77. The firm has a market capitalization of $61.98 billion, a PE ratio of -134.72 and a beta of 1.59.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, February 25th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.18. Workday had a negative net margin of 10.77% and a negative return on equity of 10.56%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, analysts predict that Workday, Inc. will post -0.71 EPS for the current fiscal year.

In other Workday news, COO James Bozzini sold 6,000 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $255.09, for a total transaction of $1,530,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aneel Bhusri sold 6,838 shares of the company’s stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $225.55, for a total transaction of $1,542,310.90. The disclosure for this sale can be found here. Insiders have sold a total of 341,526 shares of company stock worth $86,561,633 in the last three months. Insiders own 26.51% of the company’s stock.

WDAY has been the topic of several recent research reports. UBS Group cut their target price on Workday from $280.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, February 26th. Bank of America initiated coverage on Workday in a report on Wednesday, December 16th. They set a “buy” rating and a $265.00 target price on the stock. Canaccord Genuity lifted their target price on Workday from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, March 23rd. KeyCorp lifted their target price on Workday from $251.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, January 15th. Finally, The Goldman Sachs Group initiated coverage on Workday in a research report on Thursday, January 21st. They issued a “buy” rating and a $300.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $263.22.

Workday Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human resources. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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