Workday, Inc. (NASDAQ:WDAY) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 26.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,122 shares of the software maker’s stock after selling 8,359 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Workday were worth $6,383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WDAY. Beacon Capital Management LLC boosted its holdings in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Workday in the 1st quarter valued at $25,000. VisionPoint Advisory Group LLC grew its position in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after buying an additional 84 shares during the last quarter. Clear Street Markets LLC purchased a new position in shares of Workday in the 3rd quarter valued at $29,000. Finally, Quarry LP acquired a new stake in Workday during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total value of $109,695.90. Following the sale, the insider now owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the transaction, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,691 shares of company stock valued at $117,731,569. Insiders own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WDAY. Guggenheim reissued a “sell” rating and issued a $190.00 target price on shares of Workday in a report on Tuesday, February 27th. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Tuesday, February 27th. The Goldman Sachs Group upped their target price on shares of Workday from $270.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Mizuho raised their price target on Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, BMO Capital Markets boosted their price target on Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Workday Trading Down 0.5 %

Shares of WDAY opened at $255.64 on Friday. Workday, Inc. has a twelve month low of $174.25 and a twelve month high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $67.49 billion, a P/E ratio of 49.64, a PEG ratio of 6.42 and a beta of 1.32. The firm’s 50-day moving average is $279.24 and its two-hundred day moving average is $261.98.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the company earned ($0.14) EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts predict that Workday, Inc. will post 1.76 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.