Whittier Trust Co. Sells 301 Shares of Workday, Inc. (NASDAQ:WDAY)

Whittier Trust Co. lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,679 shares of the software maker’s stock after selling 301 shares during the quarter. Whittier Trust Co.’s holdings in Workday were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WDAY. Quest Partners LLC grew its position in Workday by 98.2% in the third quarter. Quest Partners LLC now owns 2,472 shares of the software maker’s stock worth $604,000 after acquiring an additional 1,225 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of Workday by 8.1% in the 3rd quarter. Pathstone Holdings LLC now owns 24,733 shares of the software maker’s stock valued at $6,045,000 after purchasing an additional 1,848 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Workday by 14.5% in the 3rd quarter. Caprock Group LLC now owns 3,046 shares of the software maker’s stock worth $744,000 after purchasing an additional 386 shares during the period. Prospera Financial Services Inc increased its position in shares of Workday by 71.1% during the 3rd quarter. Prospera Financial Services Inc now owns 3,339 shares of the software maker’s stock valued at $816,000 after purchasing an additional 1,388 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Workday by 18.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 648 shares of the software maker’s stock valued at $158,000 after buying an additional 101 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on WDAY shares. Mizuho lifted their price objective on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and lifted their price target for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. UBS Group raised their price objective on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Barclays cut their target price on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, Loop Capital raised their price target on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $300.36.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the sale, the insider now owns 228,000 shares in the company, valued at approximately $60,579,600. The trade was a 19.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 473,001 shares of company stock worth $120,614,400. Insiders own 20.00% of the company’s stock.

Workday Trading Down 0.4 %

Shares of NASDAQ WDAY opened at $249.49 on Friday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The business has a fifty day moving average price of $256.76 and a 200 day moving average price of $255.11. The stock has a market capitalization of $66.36 billion, a P/E ratio of 41.37, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. 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 (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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.