Values First Advisors Inc. Sells 1,452 Shares of Workday, Inc. (NASDAQ:WDAY)

Values First Advisors Inc. trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 38.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,288 shares of the software maker's stock after selling 1,452 shares during the period. Values First Advisors Inc.'s holdings in Workday were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. boosted its holdings in Workday by 6.9% during the first quarter. Blackhawk Capital Partners LLC. now owns 11,537 shares of the software maker's stock valued at $2,694,000 after acquiring an additional 746 shares during the period. China Universal Asset Management Co. Ltd. raised its position in shares of Workday by 9.7% during the first quarter. China Universal Asset Management Co. Ltd. now owns 22,336 shares of the software maker's stock valued at $5,216,000 after buying an additional 1,970 shares during the last quarter. Alpha Cubed Investments LLC acquired a new position in shares of Workday during the first quarter valued at about $234,000. EULAV Asset Management raised its position in shares of Workday by 5.0% during the first quarter. EULAV Asset Management now owns 42,000 shares of the software maker's stock valued at $9,808,000 after buying an additional 2,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Workday by 65.8% during the first quarter. Crossmark Global Holdings Inc. now owns 7,352 shares of the software maker's stock valued at $1,717,000 after buying an additional 2,919 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

WDAY stock opened at $241.21 on Tuesday. The firm has a 50 day moving average of $249.30 and a 200-day moving average of $249.20. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The firm has a market capitalization of $64.40 billion, a P/E ratio of 133.27, a price-to-earnings-growth ratio of 3.65 and a beta of 1.21.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm posted $1.74 earnings per share. The business's revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. KeyCorp cut their price objective on shares of Workday from $335.00 to $325.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. JMP Securities reissued a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research report on Friday, May 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Jefferies Financial Group dropped their price objective on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Morgan Stanley set a $255.00 price objective on shares of Workday and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Nine equities 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, Workday has an average rating of "Moderate Buy" and an average target price of $297.68.

Insider Activity

In other Workday news, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer owned 34,385 shares in the company, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the transaction, the chief executive officer owned 1,472 shares in the company, valued at $352,440.96. This represents a 80.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,500 shares of company stock worth $60,388,711. 20.00% of the stock is currently owned by company 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.

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