Workday, Inc. (NASDAQ:WDAY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,123,106 shares of the software maker’s stock after selling 41,062 shares during the quarter. Workday comprises about 0.8% of Blair William & Co. IL’s holdings, making the stock its 22nd largest holding. Blair William & Co. IL owned 0.42% of Workday worth $289,795,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in shares of Workday during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new position in Workday during the fourth quarter worth about $26,000. Avion Wealth grew its stake in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in shares of Workday during the 4th quarter worth approximately $35,000. Finally, True Wealth Design LLC raised its position in shares of Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $241.33, for a total value of $1,809,975.00. Following the transaction, the director now owns 75,000 shares in the company, valued at $18,099,750. The trade was a 9.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now directly owns 6,845 shares of the company’s stock, valued at $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 487,145 shares of company stock worth $123,289,438. Insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of several recent analyst reports. Guggenheim reissued a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Piper Sandler increased their price target on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Scotiabank reduced their price objective on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. BNP Paribas raised shares of Workday to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Oppenheimer boosted their price target on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.36.

Workday Price Performance

Shares of WDAY opened at $250.79 on Thursday. 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 1-year low of $199.81 and a 1-year high of $294.00. The stock has a market cap of $66.71 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The firm has a fifty day moving average price of $257.01 and a 200 day moving average price of $255.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.