Waldron Private Wealth LLC Sells 219 Shares of Workday, Inc. (NASDAQ:WDAY)

Waldron Private Wealth LLC lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,703 shares of the software maker’s stock after selling 219 shares during the period. Waldron Private Wealth LLC’s holdings in Workday were worth $1,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WDAY. Crews Bank & Trust acquired a new stake in shares of Workday during the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in shares of Workday during the third quarter worth approximately $26,000. Meeder Asset Management Inc. boosted its holdings in shares of 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 acquiring an additional 43 shares during the period. True Wealth Design LLC grew its position in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after purchasing an additional 143 shares during the last quarter. Finally, New Millennium Group LLC grew its holdings in shares of Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WDAY shares. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Monday, November 25th. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and upped their target price for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Morgan Stanley boosted their price target on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays decreased their target price on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus price target of $292.25.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the company’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 owns 60,000 shares in the company, valued at approximately $14,785,200. This represents a 48.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 in the last 90 days. Insiders own 20.00% of the company’s stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $262.06 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The firm’s 50-day moving average price is $261.18 and its 200-day moving average price is $248.68. The firm has a market capitalization of $69.71 billion, a P/E ratio of 43.46, a P/E/G ratio of 4.79 and a beta of 1.34.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.