Workday, Inc. (NASDAQ:WDAY) Shares Sold by Ardevora Asset Management LLP

Ardevora Asset Management LLP lowered its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,926 shares of the software maker's stock after selling 6,445 shares during the period. Ardevora Asset Management LLP's holdings in Workday were worth $10,746,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. RB Capital Management LLC boosted its holdings in shares of Workday by 2.8% during the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker's stock valued at $662,000 after purchasing an additional 76 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Workday by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker's stock valued at $601,000 after purchasing an additional 265 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Workday during the 1st quarter valued at about $2,974,000. Yousif Capital Management LLC boosted its holdings in shares of Workday by 2.7% during the 1st quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker's stock valued at $674,000 after purchasing an additional 74 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in shares of Workday by 10.3% during the 1st quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker's stock valued at $812,000 after purchasing an additional 316 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Guggenheim reissued a "sell" rating and set a $190.00 price objective on shares of Workday in a report on Tuesday, February 27th. Evercore ISI increased their price target on shares of Workday from $310.00 to $350.00 and gave the company an "outperform" rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price target on shares of Workday from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Needham & Company LLC increased their price target on shares of Workday from $300.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus increased their price target on shares of Workday from $250.00 to $290.00 and gave the company a "hold" rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $293.61.

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the transaction, the director now directly owns 105,000 shares of the company's stock, valued at $28,404,600. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares of the company's stock, valued at $48,749,162.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the transaction, the director now directly owns 105,000 shares in the company, valued at $28,404,600. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock valued at $117,731,569 over the last ninety days. 21.09% of the stock is owned by company insiders.

Workday Trading Down 1.3 %

Shares of NASDAQ:WDAY traded down $3.42 during trading on Friday, reaching $252.22. 1,543,941 shares of the company were exchanged, compared to its average volume of 1,325,738. The firm has a market capitalization of $66.59 billion, a PE ratio of 48.97, a P/E/G ratio of 6.30 and a beta of 1.32. The business's fifty day simple moving average is $278.19 and its 200-day simple moving average is $263.01. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted ($0.14) earnings per share. On average, research analysts anticipate that Workday, Inc. will post 1.76 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.