Workday, Inc. (NASDAQ:WDAY) Stake Decreased by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,123,106 shares of the software maker's stock after selling 41,062 shares during the period. Workday makes up about 0.8% of Blair William & Co. IL's holdings, making the stock its 22nd biggest position. Blair William & Co. IL owned approximately 0.42% of Workday worth $289,795,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WDAY. Simplicity Wealth LLC raised its position in Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after acquiring an additional 37 shares in the last quarter. Marcum Wealth LLC increased its holdings in shares of Workday by 4.4% in the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC lifted its stake in shares of Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after purchasing an additional 41 shares during the period. AllSquare Wealth Management LLC boosted its holdings in Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after buying an additional 41 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker's stock worth $1,243,000 after buying an additional 43 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.87, for a total value of $14,216,720.00. Following the completion of the transaction, the insider now directly owns 116,000 shares in the company, valued at $29,448,920. The trade was a 32.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company's stock, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 431,145 shares of company stock worth $108,631,438 in the last 90 days. 20.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on WDAY. Canaccord Genuity Group lifted their price target on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. JMP Securities reaffirmed a "market outperform" rating and set a $315.00 price objective on shares of Workday in a report on Thursday, February 6th. Redburn Atlantic assumed coverage on Workday in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $265.00 to $300.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their target price on shares of Workday from $330.00 to $360.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $300.18.

Workday Stock Down 2.6 %

Shares of WDAY stock traded down $6.28 during trading hours on Monday, reaching $232.21. The company had a trading volume of 1,507,713 shares, compared to its average volume of 2,518,214. The company has a market capitalization of $61.77 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The stock's fifty day simple moving average is $256.67 and its 200 day simple moving average is $254.82.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.