Farther Finance Advisors LLC Sells 3,290 Shares of Workday, Inc. (NASDAQ:WDAY)

Farther Finance Advisors LLC decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,401 shares of the software maker's stock after selling 3,290 shares during the quarter. Farther Finance Advisors LLC's holdings in Workday were worth $878,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Roxbury Financial LLC acquired a new position in Workday during the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in Workday during the fourth quarter valued at approximately $26,000. Avion Wealth grew its holdings in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after purchasing an additional 86 shares during the period. Meeder Asset Management Inc. grew its holdings in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after purchasing an additional 43 shares during the period. Finally, New Millennium Group LLC grew its holdings in Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock valued at $36,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WDAY. Piper Sandler lifted their price target on shares of Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Barclays cut their price target on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price target on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com lowered shares of Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, KeyCorp lifted their price target on shares of Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.14.

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Workday Trading Up 2.9 %

NASDAQ:WDAY traded up $6.95 during mid-day trading on Friday, hitting $244.17. 1,365,926 shares of the company's stock were exchanged, compared to its average volume of 2,421,608. The company has a 50 day simple moving average of $256.91 and a 200-day simple moving average of $255.49. 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 fifty-two week low of $199.81 and a fifty-two week high of $294.00. The firm has a market capitalization of $64.95 billion, a P/E ratio of 40.49, 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 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 return on equity of 6.13% and a net margin of 19.86%. As a group, research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In other news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at $26,215,826.41. This represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 435,829 shares of company stock worth $113,033,319 in the last quarter. 20.00% of the stock is owned by corporate insiders.

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.