Workday, Inc. $WDAY Stock Sold by MGO One Seven LLC

MGO One Seven LLC cut its position in Workday, Inc. (NASDAQ:WDAY) by 91.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,324 shares of the software maker’s stock after selling 13,356 shares during the quarter. MGO One Seven LLC’s holdings in Workday were worth $252,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WDAY. CoreCap Advisors LLC lifted its stake in Workday by 55.9% in the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock valued at $33,000 after buying an additional 62 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Workday in the first quarter valued at approximately $39,000. Manning & Napier Advisors LLC acquired a new stake in shares of Workday in the second quarter valued at approximately $42,000. GK Wealth Management LLC purchased a new position in shares of Workday during the third quarter worth approximately $72,000. Finally, Elevation Wealth Partners LLC grew its position in shares of Workday by 1,097.0% during the second quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock worth $48,000 after acquiring an additional 362 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other Workday news, major shareholder David Duffield sold 100,780 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at approximately $19,501,296.36. This represents a 48.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 988,104 shares of company stock valued at $188,811,574. Insiders own 18.64% of the company’s stock.

Workday Trading Down 0.7%

NASDAQ:WDAY opened at $188.89 on Wednesday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $236.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $193.87 and its 200-day simple moving average is $156.52. The firm has a market cap of $45.52 billion, a P/E ratio of 31.08, a PEG ratio of 1.91 and a beta of 1.02.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the company earned $2.21 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts anticipate that Workday, Inc. will post 5.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on WDAY shares. William Blair reiterated an “outperform” rating on shares of Workday in a research report on Friday, August 28th. Morgan Stanley increased their price target on shares of Workday from $145.00 to $180.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. BNP Paribas Exane raised their price objective on shares of Workday from $160.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Wells Fargo & Company lifted their price objective on shares of Workday from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Finally, Daiwa Securities Group upped their target price on shares of Workday from $170.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. Twenty-two research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Workday has an average rating of “Hold” and an average target price of $202.10.

Workday Company Profile

Workday, Inc. develops cloud-based software for managing human resources, finance and business operations. Its products include Workday Human Capital Management, Workday Financial Management and Workday Adaptive Planning, which help organizations manage areas such as workforce administration, accounting, budgeting and forecasting. Founded in 2005 by Dave Duffield and Aneel Bhusri, Workday serves businesses, governments and educational institutions across a range of industries. Its operations and customer base extend across North America and international markets.