Kampmann Melissa S. Sells 1,155 Shares of Workday, Inc. (NASDAQ:WDAY)

Kampmann Melissa S. decreased its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,940 shares of the software maker's stock after selling 1,155 shares during the period. Workday accounts for about 2.8% of Kampmann Melissa S.'s holdings, making the stock its 14th largest position. Kampmann Melissa S.'s holdings in Workday were worth $3,597,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WDAY. Roxbury Financial LLC acquired a new position in Workday during the 4th quarter worth $25,000. Crews Bank & Trust bought a new position in shares of Workday in the fourth quarter worth about $26,000. Avion Wealth increased its position in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after buying an additional 86 shares during the period. Meeder Asset Management Inc. increased its position in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after buying an additional 43 shares during the period. Finally, TCTC Holdings LLC acquired a new position in shares of Workday during the fourth quarter worth approximately $35,000. 89.81% of the stock is owned by institutional investors.

Workday Price Performance

NASDAQ WDAY traded up $0.42 on Monday, hitting $249.91. 2,022,118 shares of the company were exchanged, compared to its average volume of 2,427,576. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The firm has a 50 day moving average of $256.76 and a two-hundred day moving average of $255.09. 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 company has a market cap of $66.48 billion, a P/E ratio of 41.44, a P/E/G ratio of 3.55 and a beta of 1.38.

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Workday (NASDAQ:WDAY - Get Free Report) last announced its 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 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, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current 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 value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares of the company's stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 417,001 shares of company stock worth $105,735,200. Insiders own 20.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Workday from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $330.00 to $275.00 in a research note on Wednesday, February 19th. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Workday in a report on Monday. Oppenheimer increased their target price on shares of Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. KeyCorp boosted their price target on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Redburn Atlantic started coverage on Workday in a research report on Wednesday, February 19th. They issued a "neutral" rating for the company. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.