Fisher Asset Management LLC Sells 10,394 Shares of Workday, Inc. (NASDAQ:WDAY)

Fisher Asset Management LLC trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,556 shares of the software maker's stock after selling 10,394 shares during the quarter. Fisher Asset Management LLC's holdings in Workday were worth $16,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC increased its holdings in Workday by 1.2% in the fourth quarter. ORG Partners LLC now owns 2,856 shares of the software maker's stock worth $788,000 after purchasing an additional 34 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in Workday by 8.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker's stock worth $133,000 after purchasing an additional 36 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in Workday by 2.6% in the fourth quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker's stock worth $387,000 after purchasing an additional 36 shares in the last quarter. Cigna Investments Inc. New increased its holdings in Workday by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker's stock worth $598,000 after purchasing an additional 37 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in Workday by 0.9% in the fourth quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker's stock worth $1,294,000 after purchasing an additional 40 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WDAY has been the subject of a number of research analyst reports. Barclays lowered their target price on Workday from $326.00 to $316.00 and set an "overweight" rating for the company in a report on Tuesday, February 27th. KeyCorp boosted their price objective on Workday from $310.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Piper Sandler restated an "overweight" rating and set a $330.00 price objective on shares of Workday in a report on Monday, February 26th. Mizuho boosted their price objective on Workday from $290.00 to $325.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC boosted their price objective on Workday from $300.00 to $350.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $293.61.

Insider Activity

In related news, Director George J. Still, Jr. sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 approximately $28,404,600. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Douglas A. Robinson sold 3,121 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was 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 in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total value of $1,352,600.00. Following the completion of the sale, the director now owns 105,000 shares in the company, valued at $28,404,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by insiders.

Workday Price Performance

Shares of NASDAQ:WDAY traded down $5.87 on Monday, hitting $249.91. The company's stock had a trading volume of 2,874,661 shares, compared to its average volume of 1,841,487. The company has a 50-day simple moving average of $266.93 and a 200 day simple moving average of $265.79. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The company has a market capitalization of $65.98 billion, a PE ratio of 48.53, a PEG ratio of 6.39 and a beta of 1.33. 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 released its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company's revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. Sell-side analysts forecast that Workday, Inc. will post 1.76 EPS for the current fiscal 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.