Workday, Inc. (NASDAQ:WDAY) Stake Lessened by Machina Capital S.A.S.

Machina Capital S.A.S. lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 43.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,185 shares of the software maker’s stock after selling 922 shares during the period. Machina Capital S.A.S.’s holdings in Workday were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Roxbury Financial LLC acquired a new position in shares of Workday in the fourth quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Workday during the third quarter worth $26,000. Crews Bank & Trust acquired a new position in Workday during the fourth quarter worth $26,000. Avion Wealth increased its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Down 0.5 %

Shares of WDAY opened at $252.38 on Monday. The company has a market capitalization of $67.13 billion, a P/E ratio of 41.85, a PEG ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The business’s 50 day simple moving average is $258.39 and its 200-day simple moving average is $255.93.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion during 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, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares of the company’s stock, valued at $14,785,200. The trade was a 48.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the transaction, the director now owns 6,845 shares of the company’s stock, valued at $1,732,401.05. This trade represents a 21.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 435,829 shares of company stock valued at $113,033,319 in the last three months. 20.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WDAY has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. BNP Paribas raised Workday to a “strong-buy” rating in a research report on Friday, February 14th. UBS Group raised their price target on Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Oppenheimer raised their price target on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company increased their target price on shares of Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average price target of $302.14.

About Workday

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.