Handelsbanken Fonder AB Sells 3,141 Shares of Workday, Inc. (NASDAQ:WDAY)

Handelsbanken Fonder AB decreased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,511 shares of the software maker's stock after selling 3,141 shares during the period. Handelsbanken Fonder AB's holdings in Workday were worth $16,466,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Simplicity Wealth LLC raised its position in shares of Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after purchasing an additional 37 shares during the period. AllSquare Wealth Management LLC lifted its stake in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after buying an additional 41 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after buying an additional 43 shares during the last quarter. Salvus Wealth Management LLC raised its stake in shares of Workday by 2.8% in the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after purchasing an additional 45 shares during the last quarter. Finally, Ashton Thomas Securities LLC lifted its stake in Workday by 3.2% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock valued at $385,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of several research reports. Morgan Stanley set a $255.00 price objective on shares of Workday and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Westpark Capital upped their price objective on Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Loop Capital decreased their target price on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their price target on Workday from $310.00 to $295.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Finally, Stifel Nicolaus cut their price target on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $293.54.

Workday Trading Down 2.1%

NASDAQ:WDAY traded down $5.35 during trading hours on Friday, hitting $245.34. The company had a trading volume of 1,054,735 shares, compared to its average volume of 2,250,713. The company has a market capitalization of $65.51 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a 50-day moving average price of $244.82 and a 200 day moving average price of $252.65. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. On average, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the transaction, the director now owns 67,500 shares in the company, valued at approximately $16,767,675. This trade represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 237,338 shares of company stock worth $56,281,251 over the last quarter. 19.31% of the stock is currently owned by insiders.

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.