Workday, Inc. (NASDAQ:WDAY) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,867 shares of the software maker’s stock after selling 67 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Workday were worth $1,068,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. Beacon Capital Management LLC grew its position in shares of Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after acquiring an additional 70 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Workday during the 1st quarter valued at about $25,000. VisionPoint Advisory Group LLC grew its position in shares of Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares during the period. Clear Street Markets LLC acquired a new stake in shares of Workday during the 3rd quarter valued at about $29,000. Finally, Quarry LP acquired a new stake in shares of Workday during the 2nd quarter valued at about $29,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder David A. Duffield sold 65,839 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $272.33, for a total value of $17,929,934.87. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $28,049,173.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder David A. Duffield sold 65,524 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $265.66, for a total value of $17,407,105.84. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,362,183.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 65,839 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $272.33, for a total transaction of $17,929,934.87. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $28,049,173.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 463,484 shares of company stock valued at $126,630,341. 21.09% of the stock is currently owned by company insiders.

Workday Trading Down 1.4 %

Shares of WDAY stock opened at $273.62 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $72.24 billion, a PE ratio of 53.13, a price-to-earnings-growth ratio of 6.93 and a beta of 1.33. The company has a 50-day moving average of $287.67 and a two-hundred day moving average of $258.61. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion during 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%. Workday’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, analysts predict that Workday, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. DA Davidson restated a “neutral” rating and set a $300.00 target price on shares of Workday in a research report on Tuesday, February 27th. BMO Capital Markets boosted their price objective on Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. boosted their price objective on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Stifel Nicolaus raised their price target on shares of Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Finally, Piper Sandler reissued an “overweight” rating and issued a $330.00 price target on shares of Workday in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday 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.