Y.D. More Investments Ltd Sells 830 Shares of Workday, Inc. (NASDAQ:WDAY)

Y.D. More Investments Ltd reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,328 shares of the software maker’s stock after selling 830 shares during the quarter. Y.D. More Investments Ltd’s holdings in Workday were worth $1,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vontobel Holding Ltd. raised its position in Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after buying an additional 3,260 shares during the last quarter. Morgan Stanley increased its position in shares of Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Workday during the 3rd quarter valued at $345,000. Assenagon Asset Management S.A. increased its position in shares of Workday by 58.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock valued at $76,902,000 after purchasing an additional 103,171 shares during the last quarter. Finally, Mariner LLC grew its stake in shares of Workday by 21.1% during the 3rd quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock worth $6,081,000 after acquiring an additional 4,927 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 recently weighed in on WDAY shares. Barclays cut their price target on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. BMO Capital Markets lifted 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. Needham & Company LLC lifted their price target on Workday from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Citigroup lifted their price target on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, Evercore ISI raised their price objective on Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares of the company’s stock, valued at $223,302,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by insiders.

Workday Stock Performance

WDAY traded up $0.23 during trading on Wednesday, hitting $244.96. The company’s stock had a trading volume of 2,560,370 shares, compared to its average volume of 1,785,887. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The firm has a market cap of $64.67 billion, a PE ratio of 47.52, a P/E/G ratio of 6.21 and a beta of 1.32. The business’s 50 day simple moving average is $271.27 and its 200-day simple moving average is $264.80.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share. As a group, sell-side analysts predict that Workday, Inc. will post 1.76 EPS for the current fiscal year.

About Workday

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.