Diversified Trust Co Has $1.13 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Diversified Trust Co trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 42.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,858 shares of the software maker's stock after selling 3,616 shares during the period. Diversified Trust Co's holdings in Workday were worth $1,134,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WDAY. Janney Montgomery Scott LLC increased its stake in shares of Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock valued at $5,288,000 after acquiring an additional 1,070 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock worth $265,000 after purchasing an additional 139 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Workday during the 1st quarter valued at about $290,000. Brighton Jones LLC grew its position in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after buying an additional 2,792 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in Workday by 68.4% in the 4th quarter. Metis Global Partners LLC now owns 10,266 shares of the software maker's stock valued at $2,649,000 after acquiring an additional 4,168 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Stock Up 1.1%

Shares of WDAY traded up $2.63 during mid-day trading on Monday, reaching $240.00. The company's stock had a trading volume of 1,516,770 shares, compared to its average volume of 2,455,444. Workday, Inc. has a 1 year low of $199.81 and a 1 year 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 company has a market cap of $64.08 billion, a price-to-earnings ratio of 132.60, a price-to-earnings-growth ratio of 3.59 and a beta of 1.24. The business has a fifty day moving average of $247.98 and a 200 day moving average of $250.57.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.22 billion. During the same quarter in the previous year, the business earned $1.74 EPS. The business's revenue was up 12.6% on a year-over-year basis. As a group, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 73,971 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total value of $17,653,918.86. Following the completion of the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $24,581,264.02. This represents a 41.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $241.23, for a total value of $753,843.75. Following the sale, the chief executive officer owned 7,722 shares of the company's stock, valued at approximately $1,862,778.06. The trade was a 28.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,733 shares of company stock valued at $59,649,301 in the last quarter. 19.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WDAY. Oppenheimer lowered their price target on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. KeyCorp dropped their price target on shares of Workday from $335.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Daiwa America upgraded Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Jefferies Financial Group decreased their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $340.00 price target on shares of Workday in a research note on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $297.68.

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.