Sapient Capital LLC Sells 1,007 Shares of Workday, Inc. (NASDAQ:WDAY)

Sapient Capital LLC decreased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,978 shares of the software maker's stock after selling 1,007 shares during the period. Sapient Capital LLC's holdings in Workday were worth $19,863,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Workday in the third quarter worth about $26,000. Crews Bank & Trust purchased a new stake in shares of Workday during the fourth quarter valued at $26,000. Meeder Asset Management Inc. boosted its holdings in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after buying an additional 43 shares during the period. New Millennium Group LLC raised its stake in Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock valued at $36,000 after purchasing an additional 94 shares during the period. Finally, True Wealth Design LLC raised its position in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock valued at $36,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Down 2.5 %

NASDAQ:WDAY traded down $6.88 on Tuesday, hitting $263.00. 2,601,695 shares of the company's stock were exchanged, compared to its average volume of 2,098,405. The company has a market cap of $69.96 billion, a P/E ratio of 43.62, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. The firm has a 50-day moving average price of $262.45 and a 200-day moving average price of $250.89. 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, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company earned $0.47 earnings per share. The business's revenue was up 15.8% compared to the same quarter last year. As a group, analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the transaction, the insider now directly owns 284,000 shares of the company's stock, valued at $78,188,040. This represents a 16.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sayan Chakraborty sold 5,498 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the transaction, the insider now directly owns 121,100 shares in the company, valued at $30,369,458. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 over the last 90 days. 20.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WDAY shares. Piper Sandler reiterated a "neutral" rating and issued a $270.00 target price (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Mizuho boosted their target price on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Wells Fargo & Company upped their target price on Workday from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Barclays dropped their price target on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of Workday in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $292.43.

About Workday

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.