Lindbrook Capital LLC Sells 285,404 Shares of Workday, Inc. (NASDAQ:WDAY)

Lindbrook Capital LLC cut its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 99.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 534 shares of the software maker's stock after selling 285,404 shares during the quarter. Lindbrook Capital LLC's holdings in Workday were worth $138,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Janney Montgomery Scott LLC increased its holdings in Workday by 12.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,228 shares of the software maker's stock valued at $4,700,000 after purchasing an additional 2,076 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Workday by 14.4% in the third quarter. QRG Capital Management Inc. now owns 7,170 shares of the software maker's stock valued at $1,752,000 after buying an additional 905 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Workday by 31.7% in the third quarter. Concurrent Investment Advisors LLC now owns 1,879 shares of the software maker's stock valued at $459,000 after buying an additional 452 shares during the last quarter. Graypoint LLC lifted its position in Workday by 19.8% during the 3rd quarter. Graypoint LLC now owns 2,516 shares of the software maker's stock worth $615,000 after buying an additional 416 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Workday by 45.0% during the 3rd quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker's stock worth $4,349,000 after acquiring an additional 5,519 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

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Workday Stock Down 0.0 %

NASDAQ WDAY traded down $0.07 during trading hours on Tuesday, hitting $242.93. 2,838,173 shares of the company traded hands, compared to its average volume of 2,422,581. The stock has a market capitalization of $64.62 billion, a price-to-earnings ratio of 40.29, a P/E/G ratio of 3.55 and a beta of 1.38. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The business's 50-day moving average is $258.01 and its 200-day moving average is $256.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

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 analysts' consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 57,000 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total value of $15,692,670.00. Following the completion of the sale, the insider now directly owns 284,000 shares in the company, valued at approximately $78,188,040. The trade was a 16.72 % 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 6,250 shares of Workday stock in a transaction dated 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 sale, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,829 shares of company stock valued at $113,033,319. 20.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WDAY. JPMorgan Chase & Co. boosted their target price on shares of Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price objective on Workday from $270.00 to $310.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th. Royal Bank of Canada boosted their target price on Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Morgan Stanley cut Workday from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $330.00 to $275.00 in a report on Wednesday, February 19th. Finally, UBS Group raised their price objective on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $302.14.

About Workday

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.