Vontobel Holding Ltd. Sells 2,121 Shares of Workday, Inc. (NASDAQ:WDAY)

Vontobel Holding Ltd. cut its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,769 shares of the software maker's stock after selling 2,121 shares during the period. Vontobel Holding Ltd.'s holdings in Workday were worth $5,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDAY. Simplicity Wealth LLC raised its holdings in Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after buying an additional 37 shares during the period. AllSquare Wealth Management LLC raised its holdings in shares of Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after acquiring an additional 41 shares during the period. CreativeOne Wealth LLC lifted its position in 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 acquiring an additional 43 shares in the last quarter. Salvus Wealth Management LLC lifted its position in 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 acquiring an additional 45 shares in the last quarter. Finally, Ashton Thomas Securities LLC increased its holdings in Workday by 3.2% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after purchasing an additional 46 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho cut their target price on Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Loop Capital cut their price objective on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a report on Friday, May 23rd. DA Davidson raised their target price on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Piper Sandler reaffirmed a "neutral" rating and set a $255.00 price target (up from $230.00) on shares of Workday in a research report on Friday, May 23rd. Finally, Westpark Capital increased their price target on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Nine investment 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. According to MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and a consensus target price of $297.68.

Workday Price Performance

NASDAQ:WDAY traded up $4.29 during trading hours on Friday, reaching $242.03. 1,301,745 shares of the company were exchanged, compared to its average volume of 2,462,966. The business has a 50 day moving average of $249.27 and a 200 day moving average of $249.67. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $64.62 billion, a P/E ratio of 133.72, a P/E/G ratio of 3.65 and a beta of 1.21.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter last year, the business earned $1.74 earnings per share. Workday's revenue was up 12.6% on a year-over-year basis. Research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the sale, the director owned 67,500 shares in the company, valued at $16,767,675. This represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the transaction, the insider directly owned 102,997 shares in the company, valued at $22,111,395.96. This trade represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 331,775 shares of company stock valued at $77,836,828. Insiders own 19.31% of the company's stock.

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.