Scout Investments Inc. Cuts Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Scout Investments Inc. cut its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 41.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,666 shares of the software maker's stock after selling 25,693 shares during the period. Scout Investments Inc.'s holdings in Workday were worth $9,989,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of WDAY. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Workday by 18.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 125,283 shares of the software maker's stock valued at $34,171,000 after acquiring an additional 19,402 shares during the period. Angeles Wealth Management LLC boosted its holdings in Workday by 20.7% during the first quarter. Angeles Wealth Management LLC now owns 1,078 shares of the software maker's stock valued at $294,000 after acquiring an additional 185 shares during the period. Jackson Square Partners LLC bought a new stake in Workday during the first quarter valued at about $6,838,000. Koshinski Asset Management Inc. bought a new stake in Workday during the first quarter valued at about $269,000. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Workday by 22.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 413 shares of the software maker's stock valued at $113,000 after buying an additional 75 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

Shares of WDAY traded down $3.09 during mid-day trading on Friday, hitting $227.49. 2,750,817 shares of the company traded hands, compared to its average volume of 2,196,345. Workday, Inc. has a one year low of $202.01 and a one year high of $311.28. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $225.73 and a 200 day moving average of $258.60. The stock has a market capitalization of $60.28 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 5.84 and a beta of 1.35.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.20. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.97 billion. Workday had a net margin of 19.66% and a return on equity of 5.78%. The business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. As a group, equities analysts expect that Workday, Inc. will post 2.12 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the transaction, the insider now directly owns 204,066 shares of the company's stock, valued at $43,759,913.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder David A. Duffield sold 82,762 shares of the firm's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $21,658,209.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the firm's stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total transaction of $669,267.24. Following the sale, the insider now owns 204,066 shares in the company, valued at $43,759,913.04. The disclosure for this sale can be found here. Insiders have sold a total of 524,672 shares of company stock valued at $115,938,834 over the last three months. 20.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WDAY has been the subject of a number of research analyst reports. KeyCorp cut their price objective on shares of Workday from $330.00 to $275.00 and set an "overweight" rating for the company in a research report on Friday, May 24th. Loop Capital cut their price objective on shares of Workday from $280.00 to $240.00 and set a "hold" rating for the company in a research report on Friday, May 24th. Stifel Nicolaus cut their price objective on shares of Workday from $290.00 to $250.00 and set a "hold" rating for the company in a research report on Friday, May 24th. JPMorgan Chase & Co. cut their price objective on shares of Workday from $300.00 to $285.00 and set an "overweight" rating for the company in a research report on Friday, May 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $315.00 price objective on shares of Workday in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $281.44.

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.