International Assets Investment Management LLC Has $222,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

International Assets Investment Management LLC reduced its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 99.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 882 shares of the software maker's stock after selling 214,443 shares during the quarter. International Assets Investment Management LLC's holdings in Workday were worth $222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. One Wealth Capital Management LLC acquired a new stake in shares of Workday during the 4th quarter valued at approximately $715,000. Diversified Trust Co raised its holdings in shares of Workday by 29.5% during the fourth quarter. Diversified Trust Co now owns 8,474 shares of the software maker's stock worth $2,187,000 after purchasing an additional 1,928 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Workday during the fourth quarter worth $510,000. Nordea Investment Management AB lifted its position in shares of Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock worth $182,753,000 after buying an additional 119,769 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Workday in the 4th quarter valued at about $1,442,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Price Performance

Workday stock traded up $0.03 during mid-day trading on Tuesday, hitting $246.03. The company's stock had a trading volume of 2,209,662 shares, compared to its average volume of 2,041,707. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The stock's fifty day moving average price is $262.75 and its two-hundred day moving average price is $246.44. The stock has a market capitalization of $65.44 billion, a P/E ratio of 40.80, a P/E/G ratio of 5.04 and a beta of 1.34. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Research analysts forecast that Workday, Inc. will post 2.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Workday from $300.00 to $330.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised Workday from a "hold" rating to a "buy" rating and raised their price target for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Scotiabank initiated coverage on Workday in a research note on Monday, November 18th. They set a "sector outperform" rating and a $340.00 price objective for the company. JMP Securities reiterated a "market outperform" rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group upped their price target on shares of Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $292.25.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 70,090 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $26,215,826.41. This represents a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares in the company, valued at $3,546,931.92. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 382,347 shares of company stock valued at $99,225,903. 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.