Leeward Financial Partners LLC Sells 2,181 Shares of Workday, Inc. (NASDAQ:WDAY)

Leeward Financial Partners LLC cut its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,599 shares of the software maker's stock after selling 2,181 shares during the period. Leeward Financial Partners LLC's holdings in Workday were worth $1,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Crews Bank & Trust bought a new stake in shares of Workday during the 4th quarter valued at about $26,000. Roxbury Financial LLC bought a new stake in Workday during the fourth quarter valued at approximately $25,000. Avion Wealth increased its holdings in shares of 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 last quarter. TCTC Holdings LLC purchased a new stake in shares of Workday during the 4th quarter valued at $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 buying an additional 66 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Up 2.5 %

Shares of NASDAQ WDAY traded up $5.34 on Wednesday, reaching $215.81. 1,045,906 shares of the company's stock traded hands, compared to its average volume of 2,578,154. The business's 50 day simple moving average is $251.02 and its two-hundred day simple moving average is $253.33. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a market cap of $57.41 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

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Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data 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). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. As a group, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now owns 60,000 shares in the company, valued at approximately $14,785,200. This represents a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the firm's 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 296,424 shares of company stock worth $74,332,103 in the last quarter. Corporate insiders own 20.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on WDAY. BNP Paribas raised Workday to a "strong-buy" rating in a research note on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $300.00 price objective on shares of Workday in a report on Monday, March 24th. The Goldman Sachs Group boosted their target price on Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Oppenheimer upped their price objective 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. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $300.18.

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.