Landscape Capital Management L.L.C. Trims Holdings in Workday, Inc. (NASDAQ:WDAY)

Landscape Capital Management L.L.C. lessened its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 13.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,414 shares of the software maker's stock after selling 1,555 shares during the period. Landscape Capital Management L.L.C.'s holdings in Workday were worth $2,687,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its position in Workday by 24.2% during the third quarter. Captrust Financial Advisors now owns 12,853 shares of the software maker's stock valued at $3,141,000 after purchasing an additional 2,506 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Workday during the 3rd quarter worth $345,000. Hilltop Holdings Inc. purchased a new position in Workday in the third quarter worth $629,000. Investment Management Corp of Ontario increased its stake in Workday by 48.5% in the third quarter. Investment Management Corp of Ontario now owns 7,038 shares of the software maker's stock valued at $1,720,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Workday by 8.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,646 shares of the software maker's stock valued at $402,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In related news, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the transaction, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 296,424 shares of company stock valued at $74,332,103. Insiders own 20.00% of the company's stock.

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Workday Price Performance

WDAY stock traded up $3.29 during midday trading on Wednesday, hitting $213.76. The company's stock had a trading volume of 920,569 shares, compared to its average volume of 2,577,576. The firm has a market capitalization of $56.86 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The company has a 50 day moving average of $251.02 and a two-hundred day moving average of $253.33. 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, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released 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 return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. On average, analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WDAY shares. Piper Sandler boosted their price objective on shares of Workday from $270.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. KeyCorp boosted their target price on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Loop Capital raised their price target on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Workday in a report on Monday, March 24th. Ten 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 stock. According to MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus target price of $300.18.

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.