Graypoint LLC Trims Position in Workday, Inc. (NASDAQ:WDAY)

Graypoint LLC decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,426 shares of the software maker’s stock after selling 90 shares during the quarter. Graypoint LLC’s holdings in Workday were worth $626,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WDAY. Ashton Thomas Private Wealth LLC purchased a new stake in Workday during the 2nd quarter valued at approximately $65,000. BOKF NA increased its holdings in Workday by 67.3% in the 2nd quarter. BOKF NA now owns 4,096 shares of the software maker’s stock valued at $916,000 after acquiring an additional 1,648 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in Workday by 42.4% in the 2nd quarter. Meeder Advisory Services Inc. now owns 4,470 shares of the software maker’s stock worth $999,000 after purchasing an additional 1,330 shares in the last quarter. HBK Sorce Advisory LLC lifted its stake in Workday by 78.5% in the 2nd quarter. HBK Sorce Advisory LLC now owns 1,437 shares of the software maker’s stock worth $321,000 after purchasing an additional 632 shares in the last quarter. Finally, Leelyn Smith LLC grew its position in shares of Workday by 1.5% during the second quarter. Leelyn Smith LLC now owns 4,494 shares of the software maker’s stock valued at $1,005,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the transaction, the insider now owns 281,000 shares in the company, valued at $68,004,810. This represents a 16.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 438,347 shares of company stock worth $112,778,463 in the last ninety days. 20.00% of the stock is owned by insiders.

Workday Stock Down 2.0 %

Workday stock opened at $249.71 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $66.42 billion, a P/E ratio of 41.41, a P/E/G ratio of 5.04 and a beta of 1.34. The business has a fifty day moving average of $262.56 and a two-hundred day moving average of $245.91. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. On average, analysts forecast that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WDAY. Citigroup dropped their price target on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and raised their target price for the company from $265.00 to $300.00 in a report on Wednesday. Royal Bank of Canada upped their price target on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Piper Sandler reissued a “neutral” rating and issued a $270.00 price objective (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Finally, Guggenheim upgraded shares of Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $292.25.

Workday Company 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.