TD Private Client Wealth LLC Has $252,000 Holdings in Workday, Inc. $WDAY

TD Private Client Wealth LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 72.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,048 shares of the software maker’s stock after selling 2,821 shares during the period. TD Private Client Wealth LLC’s holdings in Workday were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Workday during the second quarter worth $442,702,000. AQR Capital Management LLC lifted its position in Workday by 415.6% during the second quarter. AQR Capital Management LLC now owns 675,148 shares of the software maker’s stock worth $162,036,000 after acquiring an additional 544,192 shares during the last quarter. Vanguard Group Inc. lifted its position in Workday by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after acquiring an additional 515,529 shares during the last quarter. Fernbridge Capital Management LP boosted its holdings in shares of Workday by 58.6% during the second quarter. Fernbridge Capital Management LP now owns 1,241,380 shares of the software maker’s stock worth $297,931,000 after acquiring an additional 458,598 shares during the period. Finally, Parnassus Investments LLC increased its stake in shares of Workday by 13.1% during the third quarter. Parnassus Investments LLC now owns 3,217,205 shares of the software maker’s stock worth $774,478,000 after purchasing an additional 371,561 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Down 3.0%

Shares of NASDAQ WDAY opened at $186.86 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a market cap of $49.14 billion, a price-to-earnings ratio of 78.51, a PEG ratio of 2.11 and a beta of 1.14. Workday, Inc. has a 12 month low of $185.60 and a 12 month high of $283.68. The stock has a 50-day moving average price of $216.41 and a two-hundred day moving average price of $226.95.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $1.89 EPS. As a group, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the sale, the chief financial officer owned 159,158 shares in the company, valued at $33,224,232.50. The trade was a 3.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the completion of the transaction, the insider owned 105,167 shares of the company’s stock, valued at $21,951,507.91. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 370,321 shares of company stock valued at $78,866,401. 19.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WDAY shares. DA Davidson lowered their price target on shares of Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Cowen reissued a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Sanford C. Bernstein decreased their price target on Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.09.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.