Workday, Inc. (NASDAQ:WDAY) Shares Sold by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,255 shares of the software maker's stock after selling 1,149 shares during the period. Workday comprises approximately 3.0% of Pursue Wealth Partners LLC's holdings, making the stock its 8th largest holding. Pursue Wealth Partners LLC's holdings in Workday were worth $4,964,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Simplicity Wealth LLC raised its position in shares of Workday by 3.0% in the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after purchasing an additional 37 shares in the last quarter. AllSquare Wealth Management LLC raised its position in shares of Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after purchasing an additional 41 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Workday by 1.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after purchasing an additional 43 shares in the last quarter. Salvus Wealth Management LLC raised its position in shares of Workday by 2.8% in the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock valued at $387,000 after purchasing an additional 45 shares in the last quarter. Finally, Ashton Thomas Securities LLC raised its position in shares of Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock valued at $385,000 after purchasing an additional 46 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of NASDAQ:WDAY traded down $1.61 on Monday, hitting $236.58. The company's stock had a trading volume of 1,750,606 shares, compared to its average volume of 2,457,739. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a market capitalization of $63.17 billion, a price-to-earnings ratio of 130.71, a price-to-earnings-growth ratio of 3.60 and a beta of 1.24. The stock's 50-day moving average is $247.10 and its two-hundred day moving average is $251.63. 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 (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.22. Workday had a return on equity of 8.00% and a net margin of 5.60%. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the prior year, the business posted $1.74 earnings per share. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WDAY shares. Piper Sandler reaffirmed a "neutral" rating and issued a $255.00 target price (up from $230.00) on shares of Workday in a research report on Friday, May 23rd. Stifel Nicolaus lowered their price target on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a report on Friday, May 23rd. The Goldman Sachs Group boosted their price target on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Mizuho lowered their price target on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Guggenheim reiterated a "neutral" rating on shares of Workday in a report 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $293.54.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 71,240 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $244.31, for a total value of $17,404,644.40. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at approximately $25,163,197.07. This represents a 40.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the sale, the chief executive officer now owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This trade represents a 22.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,762 shares of company stock valued at $41,995,382. 20.00% of the stock is currently owned by corporate insiders.

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.