Blueshift Asset Management LLC Sells 3,116 Shares of Workday, Inc. (NASDAQ:WDAY)

Blueshift Asset Management LLC reduced its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 63.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,767 shares of the software maker's stock after selling 3,116 shares during the quarter. Blueshift Asset Management LLC's holdings in Workday were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Workday during the fourth quarter worth about $11,686,000. Royal London Asset Management Ltd. boosted its stake in Workday by 5.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 91,610 shares of the software maker's stock worth $23,638,000 after buying an additional 5,120 shares in the last quarter. First Financial Bankshares Inc boosted its stake in Workday by 0.4% in the fourth quarter. First Financial Bankshares Inc now owns 33,049 shares of the software maker's stock worth $8,528,000 after buying an additional 134 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in Workday by 27.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 12,536 shares of the software maker's stock valued at $3,235,000 after acquiring an additional 2,725 shares during the last quarter. Finally, Vinva Investment Management Ltd raised its stake in shares of Workday by 9.8% during the fourth quarter. Vinva Investment Management Ltd now owns 3,441 shares of the software maker's stock worth $902,000 after acquiring an additional 307 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

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Workday Stock Up 1.2 %

Shares of WDAY traded up $2.92 during mid-day trading on Tuesday, reaching $252.83. The company had a trading volume of 1,176,580 shares, compared to its average volume of 2,426,144. 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 company has a market capitalization of $67.25 billion, a price-to-earnings ratio of 41.93, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The firm has a 50-day moving average price of $256.83 and a 200 day moving average price of $255.05. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 71,672 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the sale, the insider now owns 102,997 shares in the company, valued at $25,602,994.26. This represents a 41.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard Harry Sauer sold 3,677 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total transaction of $926,236.30. Following the completion of the transaction, the insider now owns 79,576 shares of the company's stock, valued at approximately $20,045,194.40. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 417,001 shares of company stock worth $105,735,200. 20.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several recent research reports. Barclays reduced their target price on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a report on Wednesday, November 27th. Scotiabank decreased their price objective on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. BMO Capital Markets increased their target price on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. StockNews.com cut Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus increased their price objective on Workday from $270.00 to $310.00 and gave the company a "hold" rating in a research note 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $300.36.

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.