Workday, Inc. (NASDAQ:WDAY) Holdings Trimmed by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its position in shares of Workday, Inc. (NASDAQ:WDAY) by 19.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,683 shares of the software maker’s stock after selling 915 shares during the quarter. NewEdge Wealth LLC’s holdings in Workday were worth $1,017,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WDAY. Washington Trust Advisors Inc. lifted its holdings in Workday by 8.1% in the 4th quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock worth $133,000 after purchasing an additional 36 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in Workday by 2.6% in the 4th quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock valued at $387,000 after buying an additional 36 shares in the last quarter. Cigna Investments Inc. New boosted its stake in Workday by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock valued at $598,000 after buying an additional 37 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Workday by 6.3% in the second quarter. Sunbelt Securities Inc. now owns 742 shares of the software maker’s stock worth $168,000 after purchasing an additional 44 shares in the last quarter. Finally, Front Row Advisors LLC boosted its stake in Workday by 21.6% in the second quarter. Front Row Advisors LLC now owns 259 shares of the software maker’s stock worth $59,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, insider Douglas A. Robinson sold 411 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the transaction, the insider now owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Harry Sauer sold 8,447 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the completion of the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Insiders sold a total of 379,691 shares of company stock valued at $102,897,729 in the last 90 days. Company insiders own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of several research reports. Stifel Nicolaus upped their price target on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Wells Fargo & Company increased their price target on Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. TheStreet upgraded Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. BMO Capital Markets increased their target price on Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC increased their target price on Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Price Performance

Shares of WDAY opened at $259.63 on Tuesday. The firm has a market cap of $68.54 billion, a PE ratio of 50.41, a P/E/G ratio of 6.59 and a beta of 1.32. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $281.47 and a two-hundred day simple moving average of $261.76. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28.

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