Twin Lakes Capital Management LLC Sells 40 Shares of Workday, Inc. (NASDAQ:WDAY)

Twin Lakes Capital Management LLC reduced its position in shares of Workday, Inc. (NASDAQ:WDAY) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,239 shares of the software maker’s stock after selling 40 shares during the quarter. Twin Lakes Capital Management LLC’s holdings in Workday were worth $1,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WDAY. Janus Henderson Group PLC grew its position in Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after acquiring an additional 480,459 shares in the last quarter. State Street Corp lifted its stake in shares of Workday by 1.4% in the 3rd quarter. State Street Corp now owns 4,842,729 shares of the software maker’s stock valued at $1,183,611,000 after purchasing an additional 67,380 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Workday by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker’s stock worth $698,285,000 after purchasing an additional 76,618 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Workday by 0.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,316,167 shares of the software maker’s stock valued at $566,094,000 after purchasing an additional 14,159 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Workday by 4.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker’s stock valued at $482,133,000 after buying an additional 75,747 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Up 5.1 %

NASDAQ:WDAY opened at $279.91 on Tuesday. The stock has a market capitalization of $74.18 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 4.91 and a beta of 1.34. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $251.13 and a 200 day moving average of $237.53.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. The trade was a 17.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $245.36, for a total value of $13,740,160.00. Following the sale, the insider now owns 449,000 shares in the company, valued at approximately $110,166,640. The trade was a 11.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 361,463 shares of company stock valued at $88,422,088. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, September 19th. Morgan Stanley lifted their price target on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Barclays reduced their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Loop Capital dropped their target price on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $289.21.

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.