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

Focus Partners Wealth decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,604 shares of the software maker's stock after selling 284,182 shares during the period. Focus Partners Wealth owned approximately 0.07% of Workday worth $48,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WDAY. ORG Partners LLC raised its position in Workday by 3.9% during the 4th quarter. ORG Partners LLC now owns 2,760 shares of the software maker's stock worth $712,000 after buying an additional 104 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Workday by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,227 shares of the software maker's stock worth $10,809,000 after acquiring an additional 146 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Workday by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 2,325 shares of the software maker's stock worth $600,000 after purchasing an additional 60 shares in the last quarter. Czech National Bank purchased a new position in Workday during the fourth quarter worth about $11,917,000. Finally, Fiduciary Alliance LLC acquired a new stake in Workday in the fourth quarter valued at about $2,486,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred 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 $2,544,814.67. This trade represents a 22.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 66,455 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at $26,729,781.44. This trade represents a 39.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 321,724 shares of company stock valued at $77,976,126. Company insiders own 19.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WDAY shares. Daiwa America upgraded Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group upped their price objective on Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. BNP Paribas raised Workday to a "strong-buy" rating in a report on Friday, February 14th. JMP Securities restated a "market outperform" rating and set a $315.00 target price on shares of Workday in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $293.62.

Workday Trading Up 1.3%

Shares of NASDAQ WDAY traded up $3.45 during trading on Tuesday, hitting $270.02. 1,470,680 shares of the company traded hands, compared to its average volume of 2,573,005. The firm has a market capitalization of $71.83 billion, a P/E ratio of 44.78, a P/E/G ratio of 3.55 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $238.96 and a 200-day moving average price of $252.65. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00.

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

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.