Kintegral Advisory LLC Trims Holdings in Workday, Inc. (NASDAQ:WDAY)

Kintegral Advisory LLC reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 32.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,870 shares of the software maker's stock after selling 3,860 shares during the period. Kintegral Advisory LLC's holdings in Workday were worth $1,838,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. acquired a new stake in Workday during the 1st quarter worth approximately $32,000. TCTC Holdings LLC purchased a new position in Workday in the 4th quarter valued at $35,000. Financial Management Professionals Inc. increased its stake in Workday by 54.0% in the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after buying an additional 54 shares during the period. Rakuten Securities Inc. raised its position in Workday by 78.6% during 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 during the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Workday in the first quarter valued at about $40,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.41, for a total value of $1,863,075.00. Following the completion of the transaction, the director owned 67,500 shares of the company's stock, valued at approximately $16,767,675. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer owned 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 331,775 shares of company stock valued at $77,836,828 in the last 90 days. Company insiders own 19.31% of the company's stock.

Workday Price Performance

WDAY stock opened at $242.03 on Friday. The firm has a market cap of $64.62 billion, a P/E ratio of 133.72, a price-to-earnings-growth ratio of 3.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The stock has a 50-day simple moving average of $249.22 and a 200-day simple moving average of $249.92.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. Workday'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 earnings per share. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of analyst reports. Citigroup downgraded Workday from a "neutral" rating to a "mixed" rating in a research note on Friday, May 16th. Mizuho reduced their price target on shares of Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley set a $255.00 price objective on Workday and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Loop Capital decreased their target price on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research report on Friday, May 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $340.00 target price on shares of Workday in a research report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $297.68.

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.

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