Workday, Inc. (NASDAQ:WDAY) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 70.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 462,651 shares of the software maker's stock after selling 1,090,946 shares during the quarter. Marshall Wace LLP owned 0.17% of Workday worth $119,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Crews Bank & Trust bought a new position in Workday during the 4th quarter valued at about $26,000. Roxbury Financial LLC bought a new stake in Workday in the 4th quarter worth approximately $25,000. Avion Wealth raised its stake in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares during the last quarter. TCTC Holdings LLC purchased a new position in shares of Workday in the 4th quarter worth $35,000. Finally, Rakuten Securities Inc. increased its position in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after acquiring an additional 66 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

WDAY traded up $4.15 on Tuesday, reaching $218.25. 419,823 shares of the stock were exchanged, compared to its average volume of 2,614,125. The company's 50-day moving average price is $243.13 and its 200 day moving average price is $252.17. The firm has a market capitalization of $58.05 billion, a PE ratio of 36.21, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share 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 for the quarter, compared to analyst estimates of $2.18 billion. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total value of $733,156.25. Following the sale, the chief executive officer now owns 10,847 shares in the company, valued at $2,544,814.67. The trade was a 22.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 over the last ninety days. Insiders own 20.00% of the company's stock.

Analyst Ratings Changes

WDAY has been the subject of a number of recent research reports. JMP Securities restated a "market outperform" rating and set a $315.00 price target on shares of Workday in a research note on Thursday, February 6th. DA Davidson cut their price objective on shares of Workday from $270.00 to $230.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Workday in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft raised Workday from a "hold" rating to a "buy" rating and raised their price objective for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group raised their target price on shares of Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $295.00.

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.