Workday, Inc. (NASDAQ:WDAY) Shares Sold by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd decreased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,310 shares of the software maker's stock after selling 1,270 shares during the quarter. Hel Ved Capital Management Ltd's holdings in Workday were worth $1,628,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in shares of Workday during the 4th quarter valued at $25,000. Crews Bank & Trust purchased a new position in Workday during the fourth quarter valued at $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. TCTC Holdings LLC purchased a new stake in Workday in the 4th quarter worth approximately $35,000. Finally, Rakuten Securities Inc. raised its position in shares of Workday by 78.6% during the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after purchasing an additional 66 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WDAY. Redburn Atlantic assumed coverage on Workday in a research note on Wednesday, February 19th. They issued a "neutral" rating for the company. UBS Group lifted their target price on Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. JMP Securities restated a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, February 6th. The Goldman Sachs Group lifted their price objective on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $300.18.

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Workday Stock Down 3.9 %

Shares of Workday stock traded down $8.98 during trading on Thursday, hitting $222.45. 1,110,892 shares of the stock traded hands, compared to its average volume of 2,592,320. 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's fifty day simple moving average is $249.84 and its 200 day simple moving average is $253.08. The firm has a market cap of $59.17 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted 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). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company's stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction 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 represents a 48.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 296,424 shares of company stock valued at $74,332,103. 20.00% of the stock is currently owned by corporate insiders.

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.