F M Investments LLC Lowers Holdings in Workday, Inc. (NASDAQ:WDAY)

F M Investments LLC lowered its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,567 shares of the software maker's stock after selling 18,793 shares during the period. F M Investments LLC's holdings in Workday were worth $13,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Simplicity Wealth LLC lifted its stake in Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after purchasing an additional 37 shares during the last quarter. Marcum Wealth LLC lifted its stake in shares of Workday by 4.4% in the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after acquiring an additional 41 shares during the last quarter. Custom Index Systems LLC boosted its holdings in Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after acquiring an additional 41 shares during the period. AllSquare Wealth Management LLC boosted its holdings in Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after acquiring an additional 41 shares during the period. Finally, Ashton Thomas Securities LLC grew its position in Workday by 3.2% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently commented on WDAY shares. Wells Fargo & Company lifted their target price on shares of Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price objective on shares of Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. StockNews.com lowered shares of Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Piper Sandler boosted their price target on Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, Loop Capital increased their price objective on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus target price of $297.14.

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 66,455 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $26,729,781.44. This trade represents a 39.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock worth $77,976,126 over the last 90 days. 20.00% of the stock is owned by insiders.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $0.99 during mid-day trading on Tuesday, reaching $233.33. The stock had a trading volume of 528,395 shares, compared to its average volume of 2,604,079. The company has a market cap of $62.07 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The business's 50 day moving average price is $247.59 and its 200 day moving average price is $252.79. 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 $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal 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.