International Assets Investment Management LLC Has $222,000 Stock Position in Workday, Inc. (NASDAQ:WDAY)

International Assets Investment Management LLC reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 99.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 882 shares of the software maker’s stock after selling 214,443 shares during the period. International Assets Investment Management LLC’s holdings in Workday were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDAY. BOKF NA lifted its stake in shares of Workday by 67.3% in the second quarter. BOKF NA now owns 4,096 shares of the software maker’s stock worth $916,000 after acquiring an additional 1,648 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Workday by 78.5% in the second quarter. HBK Sorce Advisory LLC now owns 1,437 shares of the software maker’s stock worth $321,000 after acquiring an additional 632 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Workday by 17.6% in the second quarter. William Blair Investment Management LLC now owns 38,149 shares of the software maker’s stock worth $8,529,000 after acquiring an additional 5,707 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Workday by 13.4% in the second quarter. Envestnet Asset Management Inc. now owns 698,776 shares of the software maker’s stock worth $156,218,000 after acquiring an additional 82,570 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Workday by 41.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 16,992 shares of the software maker’s stock worth $3,799,000 after acquiring an additional 4,992 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder David A. Duffield sold 70,090 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $26,215,826.41. This represents a 40.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the transaction, the insider now directly owns 121,100 shares in the company, valued at $30,369,458. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 382,347 shares of company stock valued at $99,225,903 in the last 90 days. Insiders own 20.00% of the company’s stock.

Workday Stock Down 1.5 %

WDAY stock opened at $246.00 on Tuesday. The stock’s fifty day simple moving average is $262.65 and its two-hundred day simple moving average is $246.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The stock has a market cap of $65.44 billion, a P/E ratio of 40.80, a P/E/G ratio of 5.04 and a beta of 1.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. Analysts expect that Workday, Inc. will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of research analyst reports. Loop Capital lowered their target price on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and lifted their target price for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Oppenheimer reiterated an “outperform” rating and issued a $300.00 target price on shares of Workday in a report on Tuesday, December 3rd. Mizuho lifted their target price on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Citigroup lowered their target price on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Workday presently 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.