Workday, Inc. (NASDAQ:WDAY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,890 shares of the software maker’s stock after selling 864 shares during the period. Vontobel Holding Ltd.’s holdings in Workday were worth $6,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Workday during the third quarter worth about $26,000. Crews Bank & Trust acquired a new stake in shares of Workday during the fourth quarter worth about $26,000. Avion Wealth boosted its stake in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% during 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. Finally, New Millennium Group LLC boosted its stake in shares of 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 buying an additional 94 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 60,000 shares in the company, valued at approximately $14,785,200. This represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock valued at $113,142,592 over the last ninety days. Insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WDAY shares. Barclays decreased their target price on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Workday in a report on Thursday, February 6th. The Goldman Sachs Group increased their price target on shares of Workday from $300.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Citigroup cut 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 equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $292.43.

Workday Trading Down 0.8 %

Workday stock opened at $258.05 on Friday. The firm has a 50 day simple moving average of $262.13 and a 200-day simple moving average of $251.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $68.64 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28.

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

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.