SWS Partners Sells 809 Shares of Workday, Inc. (NASDAQ:WDAY)

SWS Partners decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,051 shares of the software maker’s stock after selling 809 shares during the period. SWS Partners’ holdings in Workday were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Stephens Inc. AR boosted its stake in Workday by 19.3% in the 3rd quarter. Stephens Inc. AR now owns 9,441 shares of the software maker’s stock worth $2,307,000 after purchasing an additional 1,528 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Workday by 12.1% in the third 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 in the last quarter. Angeles Wealth Management LLC boosted its position in shares of Workday by 7.5% during the third quarter. Angeles Wealth Management LLC now owns 1,512 shares of the software maker’s stock worth $370,000 after acquiring an additional 106 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Workday by 6.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 299,023 shares of the software maker’s stock valued at $73,084,000 after acquiring an additional 18,009 shares in the last quarter. Finally, Vestor Capital LLC bought a new stake in Workday in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the completion of the sale, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 369,374 shares of company stock worth $95,786,918. 20.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. BMO Capital Markets raised their price target on Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Mizuho upped their price objective on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Loop Capital increased their price objective on shares of Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.14.

Workday Stock Performance

Shares of WDAY stock opened at $254.57 on Tuesday. The firm has a market cap of $67.72 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. 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 company’s 50 day moving average is $259.48 and its 200 day moving average is $255.31.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal 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.