Workday, Inc. (NASDAQ:WDAY) Stock Position Decreased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. decreased its position in Workday, Inc. (NASDAQ:WDAY) by 62.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 285 shares of the software maker’s stock after selling 480 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Workday were worth $74,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Roxbury Financial LLC bought a new stake in Workday in the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Workday in the 3rd quarter valued at $26,000. Crews Bank & Trust bought a new stake in Workday in the fourth quarter worth $26,000. Avion Wealth boosted its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Workday stock opened at $258.05 on Tuesday. The business has a 50 day simple moving average of $262.13 and a 200 day simple moving average of $251.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $68.64 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Workday, Inc. has a one year low of $199.81 and a one year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. On average, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WDAY has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Thursday, February 6th. Mizuho increased their price target on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Loop Capital dropped their price target on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $292.43.

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.