Workday, Inc. (NASDAQ:WDAY) Stock Holdings Decreased by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,405 shares of the software maker's stock after selling 10,299 shares during the quarter. Workday comprises about 1.6% of Peregrine Capital Management LLC's portfolio, making the stock its 10th biggest position. Peregrine Capital Management LLC owned approximately 0.08% of Workday worth $55,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Marcum Wealth LLC boosted its position in shares of Workday by 4.4% in the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock worth $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC boosted its position in shares of Workday by 3.0% in the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after purchasing an additional 41 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Workday by 0.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker's stock worth $1,243,000 after purchasing an additional 43 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Workday by 1.3% in the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker's stock worth $954,000 after purchasing an additional 48 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Price Performance

Shares of WDAY stock traded down $5.24 during trading hours on Friday, reaching $256.39. The company had a trading volume of 2,415,239 shares, compared to its average volume of 2,092,095. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a fifty day moving average of $260.75 and a 200-day moving average of $252.87. The company has a market capitalization of $68.20 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 3.56 and a beta of 1.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business's revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. On average, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In related news, Director Wayne A.I. Frederick sold 1,829 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the transaction, the director now directly owns 6,845 shares in the company, valued at approximately $1,732,401.05. This represents a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sayan Chakraborty sold 5,498 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the transaction, the insider now owns 121,100 shares in the company, valued at $30,369,458. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 over the last ninety days. Corporate insiders own 20.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com cut Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company lifted their price target on Workday from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Royal Bank of Canada lifted their price target on Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Bank of America lowered their price target on Workday from $310.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $291.11.

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.