Workday, Inc. $WDAY Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its stake in Workday, Inc. (NASDAQ:WDAYFree Report) by 11.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,615 shares of the software maker’s stock after selling 4,119 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Workday were worth $6,440,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WDAY. Rakuten Securities Inc. acquired a new stake in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC purchased a new stake in shares of Workday in the 3rd quarter valued at approximately $30,000. Berbice Capital Management LLC grew its stake in shares of Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after buying an additional 75 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Workday during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WDAY. Robert W. Baird set a $195.00 price objective on Workday in a research report on Tuesday, February 24th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Guggenheim cut their price objective on Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Piper Sandler dropped their target price on shares of Workday from $200.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Barclays cut their price target on shares of Workday from $230.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Nineteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $199.71.

Read Our Latest Stock Report on WDAY

Workday Stock Down 3.0%

Shares of NASDAQ:WDAY opened at $124.18 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00. The company has a market capitalization of $31.91 billion, a PE ratio of 48.13, a P/E/G ratio of 1.21 and a beta of 1.16. The firm has a 50 day simple moving average of $150.42 and a 200-day simple moving average of $199.06.

Workday (NASDAQ:WDAYGet Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 earnings per share. On average, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, insider Gerrit S. Kazmaier sold 3,759 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the transaction, the insider owned 105,167 shares in the company, valued at approximately $21,951,507.91. This represents a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Enslin sold 22,185 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the transaction, the insider directly owned 106,330 shares of the company’s stock, valued at $22,347,376.10. This represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 765,036 shares of company stock worth $113,952,492. 19.31% of the stock is currently owned by company insiders.

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Workday Profile

(Free Report)

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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