1858 Wealth Management LLC Sells 1,076 Shares of Workday, Inc. (NASDAQ:WDAY)

1858 Wealth Management LLC reduced its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,244 shares of the software maker's stock after selling 1,076 shares during the period. 1858 Wealth Management LLC's holdings in Workday were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WDAY. Capital Performance Advisors LLP acquired a new stake in Workday in the third quarter valued at $26,000. Crews Bank & Trust acquired a new position in Workday in the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. increased its stake in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after purchasing an additional 43 shares during the last quarter. New Millennium Group LLC raised its holdings in Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock valued at $36,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on WDAY. Bank of America dropped their target price on Workday from $310.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Loop Capital cut their price target on shares of Workday from $270.00 to $242.00 and set a "hold" rating on the stock in a research note on Wednesday, November 27th. Guggenheim upgraded Workday from a "sell" rating to a "neutral" rating in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on Workday from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Finally, Citigroup decreased their price target on shares of Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $292.25.

Workday Stock Performance

WDAY stock traded up $16.44 on Wednesday, reaching $276.17. 5,246,361 shares of the company were exchanged, compared to its average volume of 2,089,282. The firm has a market capitalization of $73.46 billion, a PE ratio of 45.80, a PEG ratio of 4.73 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock's fifty day moving average price is $260.70 and its 200 day moving average price is $249.53. 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 data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion for 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%. Workday's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of the sale, the insider now owns 60,000 shares in the company, valued at approximately $14,785,200. The trade was a 48.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,829 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 6,845 shares in the company, valued at $1,732,401.05. This represents a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,819 shares of company stock valued at $113,142,592. Corporate insiders own 20.00% of the company's stock.

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.