Andra AP fonden Sells 5,800 Shares of Workday, Inc. (NASDAQ:WDAY)

Andra AP fonden trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 7.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 69,800 shares of the software maker’s stock after selling 5,800 shares during the quarter. Andra AP fonden’s holdings in Workday were worth $18,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its position in shares of Workday by 12.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,228 shares of the software maker’s stock worth $4,700,000 after buying an additional 2,076 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Workday by 14.4% during the 3rd quarter. QRG Capital Management Inc. now owns 7,170 shares of the software maker’s stock worth $1,752,000 after buying an additional 905 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Workday by 31.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,879 shares of the software maker’s stock worth $459,000 after buying an additional 452 shares during the last quarter. Graypoint LLC lifted its position in shares of Workday by 19.8% during the 3rd quarter. Graypoint LLC now owns 2,516 shares of the software maker’s stock worth $615,000 after buying an additional 416 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Workday by 45.0% during the 3rd quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker’s stock worth $4,349,000 after buying an additional 5,519 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Down 0.5 %

Shares of WDAY stock opened at $252.38 on Friday. The company has a market cap of $67.13 billion, a P/E ratio of 41.85, a PEG ratio of 3.55 and a beta of 1.35. The stock has a 50 day simple moving average of $258.39 and a two-hundred day simple moving average of $255.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other Workday news, insider Richard Harry Sauer sold 3,677 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total value of $926,236.30. Following the completion of the sale, the insider now owns 79,576 shares of the company’s stock, valued at approximately $20,045,194.40. This trade represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the completion of the sale, the insider now directly owns 284,000 shares of the company’s stock, valued at $78,188,040. This trade represents a 16.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 435,829 shares of company stock worth $113,033,319. 20.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WDAY shares. Barclays dropped their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. BNP Paribas upgraded Workday to a “strong-buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group upped their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Piper Sandler upped their target price on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, KeyCorp upped their target price on Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

Workday 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.