CENTRAL TRUST Co Has $841,000 Stock Position in Workday, Inc. (NASDAQ:WDAY)

CENTRAL TRUST Co boosted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 143.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,603 shares of the software maker's stock after purchasing an additional 2,123 shares during the period. CENTRAL TRUST Co's holdings in Workday were worth $841,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC acquired a new stake in shares of Workday during the fourth quarter worth approximately $35,000. Farmers & Merchants Investments Inc. purchased a new stake in Workday in the 1st quarter worth approximately $32,000. Rakuten Securities Inc. lifted its position in Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after buying an additional 66 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after acquiring an additional 54 shares in the last quarter. Finally, Cromwell Holdings LLC purchased a new position in shares of Workday during the 4th quarter valued at $51,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley set a $255.00 price objective on Workday and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Citigroup downgraded Workday from a "neutral" rating to a "mixed" rating in a research note on Friday, May 16th. Westpark Capital lifted their price target on Workday from $315.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Scotiabank dropped their price objective on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, Oppenheimer cut their price objective on shares of Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and a consensus price target of $293.54.

Workday Stock Performance

WDAY traded down $5.82 during trading on Thursday, reaching $236.88. 2,472,026 shares of the company's stock were exchanged, compared to its average volume of 2,463,320. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $246.54 and a 200 day moving average price of $252.26. The company has a market capitalization of $63.25 billion, a P/E ratio of 130.87, a PEG ratio of 3.67 and a beta of 1.24.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm posted $1.74 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 70,144 shares of Workday stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $25,776,029.22. This trade represents a 40.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the transaction, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at $2,544,814.67. This represents a 22.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 251,906 shares of company stock valued at $59,549,619 in the last ninety days. Insiders own 19.31% of the company's stock.

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.