Rathbones Group PLC Reduces Stake in Workday, Inc. (NASDAQ:WDAY)

Rathbones Group PLC decreased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 22.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,584 shares of the software maker's stock after selling 8,635 shares during the period. Rathbones Group PLC's holdings in Workday were worth $7,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust purchased a new position in Workday during the 4th quarter worth $26,000. Avion Wealth increased its position 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 in the last quarter. TCTC Holdings LLC purchased a new stake in Workday in the fourth quarter valued at about $35,000. Finally, Rakuten Securities Inc. boosted its holdings in Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WDAY shares. JPMorgan Chase & Co. upped their price objective on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. The Goldman Sachs Group boosted their price objective on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Stifel Nicolaus raised their target price on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Finally, UBS Group increased their price objective on Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $300.18.

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Insider Activity

In related news, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 377,699 shares of company stock worth $91,780,220 over the last quarter. 20.00% of the stock is currently owned by corporate insiders.

Workday Price Performance

NASDAQ WDAY traded up $1.77 on Friday, hitting $226.51. The company had a trading volume of 2,203,615 shares, compared to its average volume of 2,612,317. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $60.25 billion, a PE ratio of 37.56, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company's fifty day moving average price is $248.47 and its 200-day moving average price is $252.86.

Workday (NASDAQ:WDAY - Get Free Report) last released 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). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

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.