Workday, Inc. (NASDAQ:WDAY) Stake Reduced by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,211 shares of the software maker’s stock after selling 7,931 shares during the quarter. Workday comprises approximately 0.8% of Dana Investment Advisors Inc.’s holdings, making the stock its 23rd largest position. Dana Investment Advisors Inc.’s holdings in Workday were worth $23,019,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in Workday during the 4th quarter worth $25,000. Capital Performance Advisors LLP bought a new position in Workday during the 3rd quarter worth $26,000. Crews Bank & Trust bought a new position in Workday during the 4th quarter worth $26,000. Avion Wealth grew its stake in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Workday by 42.2% during the 3rd 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 last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the transaction, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 435,829 shares of company stock valued at $113,033,319 in the last quarter. Company insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. KeyCorp lifted their price objective on shares of Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, February 26th. Finally, Redburn Atlantic started coverage on shares of Workday in a research note on Wednesday, February 19th. They issued a “neutral” rating for the company. Ten investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Stock Performance

Workday stock opened at $259.61 on Thursday. The firm’s 50 day simple moving average is $258.98 and its 200 day simple moving average is $255.49. 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 firm has a market capitalization of $69.06 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. As a group, analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.