DRW Securities LLC Reduces Position in Workday, Inc. (NASDAQ:WDAY)

DRW Securities LLC lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 71.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,150 shares of the software maker's stock after selling 2,832 shares during the period. DRW Securities LLC's holdings in Workday were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in shares of Workday by 8.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,646 shares of the software maker's stock valued at $402,000 after buying an additional 130 shares during the period. M&T Bank Corp raised its stake in shares of Workday by 3.6% during the 3rd quarter. M&T Bank Corp now owns 16,914 shares of the software maker's stock worth $4,134,000 after acquiring an additional 583 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Workday by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker's stock valued at $698,285,000 after purchasing an additional 76,618 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Workday by 10.5% in the third quarter. Coldstream Capital Management Inc. now owns 2,391 shares of the software maker's stock worth $597,000 after acquiring an additional 228 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Workday by 33.1% in the 3rd quarter. Toronto Dominion Bank now owns 30,390 shares of the software maker's stock worth $7,428,000 after purchasing an additional 7,562 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

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Workday Stock Down 0.2 %

Workday stock traded down $0.35 during midday trading on Wednesday, reaching $232.97. The stock had a trading volume of 413,297 shares, compared to its average volume of 2,603,952. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a fifty day moving average price of $246.70 and a two-hundred day moving average price of $252.65. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $61.97 billion, a P/E ratio of 38.64, a PEG ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data 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 business 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%. As a group, equities analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on WDAY. Piper Sandler upped their price target on shares of Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. BMO Capital Markets raised their target price on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Royal Bank of Canada raised their target price on shares of Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. UBS Group upped their price objective on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, Citigroup reduced their target price on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $297.14.

Insider Buying and Selling

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of the company's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 321,724 shares of company stock worth $77,976,126. 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.