Flputnam Investment Management Co. Sells 854 Shares of Workday, Inc. (NASDAQ:WDAY)

Flputnam Investment Management Co. cut its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,424 shares of the software maker’s stock after selling 854 shares during the quarter. Flputnam Investment Management Co.’s holdings in Workday were worth $945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WDAY. RB Capital Management LLC boosted its stake in Workday by 2.8% during the first quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock worth $662,000 after acquiring an additional 76 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Workday by 11.8% in the first quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker’s stock valued at $601,000 after buying an additional 265 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Workday in the first quarter valued at $2,974,000. Yousif Capital Management LLC lifted its stake in shares of Workday by 2.7% in the first quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock valued at $674,000 after buying an additional 74 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of Workday by 10.3% in the first quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker’s stock valued at $812,000 after buying an additional 316 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

NASDAQ WDAY opened at $257.02 on Thursday. The company’s 50 day moving average is $280.10 and its 200-day moving average is $262.03. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm has a market cap of $67.85 billion, a P/E ratio of 49.91, a price-to-earnings-growth ratio of 6.44 and a beta of 1.32.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Sell-side analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the completion of the transaction, the director now owns 105,000 shares of the company’s stock, valued at $28,404,600. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares of the company’s stock, valued at $223,302,270. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George J. Still, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the completion of the transaction, the director now directly owns 105,000 shares of the company’s stock, valued at approximately $28,404,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 435,691 shares of company stock valued at $117,731,569. Corporate insiders own 21.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on WDAY shares. Mizuho raised their price objective on shares of Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Wells Fargo & Company raised their price objective on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Evercore ISI raised their price objective on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, Guggenheim reiterated a “sell” rating and issued a $190.00 target price on shares of Workday in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.61.

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.