Farther Finance Advisors LLC Decreases Stock Position in Workday, Inc. (NASDAQ:WDAY)

Farther Finance Advisors LLC lessened its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 49.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,401 shares of the software maker's stock after selling 3,290 shares during the period. Farther Finance Advisors LLC's holdings in Workday were worth $878,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WDAY. Janus Henderson Group PLC raised its stake in Workday by 10.7% during the 3rd 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 increased its position in Workday by 1.4% during the third quarter. State Street Corp now owns 4,842,729 shares of the software maker's stock worth $1,183,611,000 after buying an additional 67,380 shares during the period. Geode Capital Management LLC lifted its stake in Workday by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker's stock valued at $698,285,000 after buying an additional 76,618 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Workday by 0.6% in 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 increased its stake in Workday by 4.0% in the third 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 purchasing an additional 75,747 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

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Workday Trading Up 2.6 %

WDAY traded up $6.38 during midday trading on Monday, hitting $250.55. The company's stock had a trading volume of 678,317 shares, compared to its average volume of 2,414,825. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The firm has a 50-day moving average price of $256.91 and a two-hundred day moving average price of $255.46. 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 firm has a market cap of $66.65 billion, a P/E ratio of 41.54, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 70,090 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total value of $17,840,007.70. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,215,826.41. This trade represents a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock worth $113,033,319 in the last ninety days. Insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research reports. KeyCorp raised their price target on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their target price on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. StockNews.com cut Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Morgan Stanley lowered Workday from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. Finally, Redburn Atlantic started coverage on shares of Workday in a report on Wednesday, February 19th. They issued a "neutral" rating for the company. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $300.36.

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.