AFT Forsyth & Company Inc. Sells 110 Shares of Workday, Inc. (NASDAQ:WDAY)

AFT Forsyth & Company Inc. trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,275 shares of the software maker’s stock after selling 110 shares during the period. AFT Forsyth & Company Inc.’s holdings in Workday were worth $845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Crews Bank & Trust acquired a new stake in shares of Workday during the 4th quarter valued at about $26,000. Avion Wealth increased its stake in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Workday in the third quarter valued at about $26,000. Meeder Asset Management Inc. grew its holdings in Workday by 42.2% during the 3rd 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 last quarter. Finally, True Wealth Design LLC increased its position in Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the completion of the transaction, the insider now owns 60,000 shares of the company’s stock, valued at $14,785,200. This trade represents a 48.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents 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 valued at $113,142,592 in the last three months. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of research reports. Barclays reduced their target price 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. Mizuho upped their price objective on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Morgan Stanley lifted their target price on Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Bank of America dropped their target price on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.43.

Workday Trading Down 1.9 %

WDAY opened at $257.92 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $68.61 billion, a P/E ratio of 42.77, a P/E/G ratio of 3.78 and a beta of 1.35. The firm’s fifty day simple moving average is $262.57 and its 200 day simple moving average is $251.13. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal 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.