Workday, Inc. (NASDAQ:WDAY) Shares Sold by SWS Partners

SWS Partners lessened its position in Workday, Inc. (NASDAQ:WDAY) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,860 shares of the software maker’s stock after selling 645 shares during the period. SWS Partners’ holdings in Workday were worth $1,432,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB grew its position in Workday by 2.1% in the 3rd quarter. Swedbank AB now owns 82,847 shares of the software maker’s stock worth $20,249,000 after purchasing an additional 1,668 shares during the last quarter. NBC Securities Inc. boosted its position in shares of Workday by 5.0% during the third quarter. NBC Securities Inc. now owns 8,014 shares of the software maker’s stock worth $1,958,000 after buying an additional 378 shares during the period. Grove Bank & Trust grew its holdings in Workday by 65.6% in the 3rd quarter. Grove Bank & Trust now owns 7,564 shares of the software maker’s stock worth $1,849,000 after buying an additional 2,995 shares in the last quarter. Sapient Capital LLC increased its position in Workday by 10.0% in the 3rd quarter. Sapient Capital LLC now owns 77,985 shares of the software maker’s stock valued at $19,060,000 after acquiring an additional 7,101 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in Workday during the 3rd quarter valued at $359,000. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Workday news, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total value of $738,934.52. Following the completion of the sale, the insider now owns 85,795 shares in the company, valued at $20,228,745.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the sale, the insider now owns 85,795 shares of the company’s stock, valued at $20,228,745.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 312,747 shares of company stock worth $77,512,235 in the last 90 days. Company insiders own 20.00% of the company’s stock.

Workday Trading Up 0.9 %

Workday stock traded up $2.29 during midday trading on Tuesday, reaching $244.76. The stock had a trading volume of 1,134,543 shares, compared to its average volume of 2,157,129. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $64.86 billion, a price-to-earnings ratio of 44.36, a PEG ratio of 4.87 and a beta of 1.35. The firm’s fifty day simple moving average is $242.67 and its two-hundred day simple moving average is $238.58.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. Workday’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. Equities analysts anticipate that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WDAY shares. Loop Capital increased their price target on Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Evercore ISI decreased their target price on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. JMP Securities restated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. Piper Sandler reiterated an “overweight” rating and issued a $285.00 price objective on shares of Workday in a report on Wednesday, September 18th. Finally, Bank of America boosted their target price on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

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.