Workday, Inc. (NASDAQ:WDAY) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. lowered its position in Workday, Inc. (NASDAQ:WDAY) by 7.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,791 shares of the software maker’s stock after selling 827 shares during the period. Workday accounts for approximately 1.4% of Blackhawk Capital Partners LLC.’s portfolio, making the stock its 17th biggest position. Blackhawk Capital Partners LLC.’s holdings in Workday were worth $2,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in shares of Workday in the 4th quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in Workday in the third quarter valued at approximately $26,000. Crews Bank & Trust purchased a new stake in Workday in the 4th quarter worth approximately $26,000. Avion Wealth grew its stake in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Up 2.1 %

Shares of WDAY opened at $261.81 on Tuesday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a market capitalization of $69.64 billion, a P/E ratio of 43.42, a P/E/G ratio of 3.55 and a beta of 1.35. The firm has a 50-day moving average price of $260.42 and a 200 day moving average price of $253.82. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share 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 for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. Sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $25,872,846.40. The trade was a 40.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 438,819 shares of company stock worth $113,142,592. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WDAY. Guggenheim upgraded shares of Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. Royal Bank of Canada lifted their price target on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Thursday, February 6th. Scotiabank initiated coverage on Workday in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price objective for the company. Finally, Loop Capital upped their target price on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $291.11.

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.