Hyperion Asset Management Ltd Sells 20,771 Shares of Workday, Inc. $WDAY

Hyperion Asset Management Ltd trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY) by 14.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,624 shares of the software maker’s stock after selling 20,771 shares during the period. Workday comprises 0.7% of Hyperion Asset Management Ltd’s holdings, making the stock its 18th biggest holding. Hyperion Asset Management Ltd’s holdings in Workday were worth $26,552,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Finivi Inc. grew its holdings in Workday by 3.3% during the 3rd quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock valued at $365,000 after purchasing an additional 48 shares during the last quarter. Strategic Investment Advisors MI grew its holdings in Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after purchasing an additional 50 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in Workday by 5.1% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 1,113 shares of the software maker’s stock valued at $268,000 after purchasing an additional 54 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in Workday by 3.0% during the 4th quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock valued at $441,000 after purchasing an additional 59 shares during the last quarter. Finally, CVA Family Office LLC grew its holdings in Workday by 35.3% during the 4th quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock valued at $53,000 after purchasing an additional 65 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity at Workday

In other news, insider Robert Enslin sold 5,373 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $129.41, for a total value of $695,319.93. Following the completion of the sale, the insider owned 165,414 shares of the company’s stock, valued at approximately $21,406,225.74. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the sale, the insider directly owned 165,074 shares of the company’s stock, valued at $21,193,850.86. The trade was a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 774,814 shares of company stock valued at $102,272,866 over the last 90 days. 18.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on WDAY. Sanford C. Bernstein reiterated an “outperform” rating and set a $216.00 price target on shares of Workday in a report on Friday, May 22nd. Weiss Ratings downgraded shares of Workday from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Bank of America began coverage on shares of Workday in a report on Wednesday, May 27th. They set a “neutral” rating and a $140.00 price target on the stock. Guggenheim cut their price target on shares of Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.03.

Workday Price Performance

Shares of WDAY stock opened at $121.83 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $30.09 billion, a P/E ratio of 38.07, a P/E/G ratio of 1.34 and a beta of 1.09. The company’s 50-day simple moving average is $127.78 and its two-hundred day simple moving average is $157.53. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.23 EPS. As a group, equities analysts anticipate that Workday, Inc. will post 5.4 EPS for the current year.

Workday Company Profile

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.