Siemens Fonds Invest GmbH Sells 9,635 Shares of Workday, Inc. (NASDAQ:WDAY)

Siemens Fonds Invest GmbH reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 93.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 624 shares of the software maker's stock after selling 9,635 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Workday were worth $161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WDAY. Hennion & Walsh Asset Management Inc. lifted its position in shares of Workday by 19.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,764 shares of the software maker's stock worth $455,000 after buying an additional 285 shares during the last quarter. Merit Financial Group LLC bought a new position in Workday in the fourth quarter valued at about $578,000. Arkadios Wealth Advisors raised its position in Workday by 11.3% in the fourth quarter. Arkadios Wealth Advisors now owns 3,525 shares of the software maker's stock valued at $910,000 after purchasing an additional 357 shares during the last quarter. HB Wealth Management LLC raised its position in Workday by 5.0% in the fourth quarter. HB Wealth Management LLC now owns 7,566 shares of the software maker's stock valued at $1,952,000 after purchasing an additional 360 shares during the last quarter. Finally, Jackson Square Capital LLC bought a new position in Workday in the fourth quarter valued at about $260,000. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Down 0.6%

NASDAQ WDAY opened at $273.05 on Monday. The business has a 50 day simple moving average of $240.57 and a 200 day simple moving average of $253.53. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The stock has a market capitalization of $72.63 billion, a P/E ratio of 45.28, a P/E/G ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Workday news, CAO Mark S. Garfield sold 497 shares of the firm's 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 completion of the sale, the chief accounting officer now owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock valued at $77,976,126 over the last 90 days. Company insiders own 19.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WDAY shares. JPMorgan Chase & Co. increased their target price on Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Daiwa America upgraded Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Loop Capital increased their target price on Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. BMO Capital Markets increased their target price on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of Workday in a research report on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $293.62.

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.

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