HBK Sorce Advisory LLC Sells 55 Shares of Workday, Inc. (NASDAQ:WDAY)

HBK Sorce Advisory LLC lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,552 shares of the software maker’s stock after selling 55 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Workday were worth $400,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WDAY. Raymond James Financial Inc. bought a new stake in shares of Workday during the 4th quarter worth about $194,679,000. Two Sigma Advisers LP boosted its stake in shares of Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after acquiring an additional 562,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Workday by 62.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock worth $350,921,000 after acquiring an additional 524,799 shares in the last quarter. KBC Group NV boosted its stake in shares of Workday by 340.3% during the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after acquiring an additional 506,812 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after purchasing an additional 480,459 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the sale, the insider now owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 435,829 shares of company stock valued at $113,033,319. 20.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Loop Capital increased their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Scotiabank increased their target price on Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 27th. Oppenheimer increased their target price on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Royal Bank of Canada increased their target price on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $302.14.

Workday Stock Up 2.9 %

NASDAQ:WDAY opened at $244.17 on Friday. Workday, Inc. has a 12-month low of $199.81 and a 12-month 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 firm has a market capitalization of $64.95 billion, a P/E ratio of 40.49, a P/E/G ratio of 3.55 and a beta of 1.38. The stock’s fifty day simple moving average is $256.91 and its 200-day simple moving average is $255.56.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

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.