Blair William & Co. IL Sells 281,594 Shares of Workday, Inc. (NASDAQ:WDAY)

Blair William & Co. IL decreased its stake in Workday, Inc. (NASDAQ:WDAY) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,256,416 shares of the software maker’s stock after selling 281,594 shares during the quarter. Workday accounts for about 0.9% of Blair William & Co. IL’s portfolio, making the stock its 25th largest position. Blair William & Co. IL owned approximately 0.47% of Workday worth $280,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC boosted its position in shares of Workday by 6.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,089 shares of the software maker’s stock worth $3,371,000 after purchasing an additional 908 shares in the last quarter. Amalgamated Bank raised its stake in Workday by 3.3% during the 2nd quarter. Amalgamated Bank now owns 14,306 shares of the software maker’s stock worth $3,198,000 after buying an additional 455 shares during the period. Tredje AP fonden bought a new position in Workday during the second quarter worth about $22,356,000. Meiji Yasuda Asset Management Co Ltd. grew its stake in Workday by 17.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,507 shares of the software maker’s stock valued at $784,000 after acquiring an additional 529 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its stake in Workday by 10.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,424 shares of the software maker’s stock valued at $965,000 after acquiring an additional 408 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $248.12 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $65.75 billion, a P/E ratio of 44.71, a P/E/G ratio of 5.07 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock has a 50 day moving average of $236.20 and a 200-day moving average of $242.39.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Workday from $300.00 to $285.00 and set an “overweight” rating on the stock in a report on Friday, May 24th. Royal Bank of Canada cut their price target on shares of Workday from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Stifel Nicolaus increased their price objective on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. KeyCorp raised their price objective on shares of Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Workday in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.15.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the completion of the sale, the insider now directly owns 730,000 shares in the company, valued at $159,563,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $26,902,816.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the completion of the transaction, the insider now owns 730,000 shares in the company, valued at $159,563,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 466,402 shares of company stock worth $107,992,034. Insiders own 20.00% of the company’s stock.

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.