Workday, Inc. (NASDAQ:WDAY) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,338 shares of the software maker’s stock after selling 52 shares during the period. Apollon Wealth Management LLC’s holdings in Workday were worth $572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. Vanguard Group Inc. increased its position in shares of Workday by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after purchasing an additional 324,540 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Workday by 12.4% during the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock worth $693,382,000 after buying an additional 281,207 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after acquiring an additional 1,016,394 shares during the period. Legal & General Group Plc lifted its holdings in shares of Workday by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after acquiring an additional 118,180 shares during the last quarter. Finally, Meritage Group LP boosted its position in shares of Workday by 27.5% during the 1st quarter. Meritage Group LP now owns 1,277,359 shares of the software maker’s stock worth $348,400,000 after purchasing an additional 275,883 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the transaction, the director now owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 39.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WDAY shares. KeyCorp boosted their target price on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Needham & Company LLC decreased their target price on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. The Goldman Sachs Group increased their price target on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a report on Friday, August 23rd. One equities research 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. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and an average price target of $287.59.

Workday Stock Down 4.4 %

Shares of NASDAQ WDAY opened at $259.41 on Friday. The business has a 50-day moving average price of $246.74 and a 200 day moving average price of $236.60. The stock has a market cap of $68.74 billion, a PE ratio of 45.19, a price-to-earnings-growth ratio of 5.39 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

About Workday

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.