Workday, Inc. (NASDAQ:WDAY) Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC decreased its stake in Workday, Inc. (NASDAQ:WDAY) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 4,207 shares of the software maker’s stock after selling 50 shares during the period. Diversify Wealth Management LLC’s holdings in Workday were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WDAY. Capital Performance Advisors LLP bought a new stake in Workday in the third quarter valued at $26,000. Goodman Advisory Group LLC bought a new stake in Workday in the 2nd quarter valued at about $35,000. Meeder Asset Management Inc. boosted its stake in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the period. New Millennium Group LLC grew its position in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Monday, November 25th. Mizuho increased their price target on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Citigroup cut their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $300.00 target price on shares of Workday in a research note on Tuesday, December 3rd. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

Workday Trading Down 0.4 %

NASDAQ WDAY opened at $249.64 on Tuesday. The firm’s 50 day moving average price is $262.40 and its two-hundred day moving average price is $246.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The stock has a market cap of $66.40 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 4.51 and a beta of 1.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts anticipate that Workday, Inc. will post 2.64 EPS for the current year.

Insider Transactions at Workday

In related news, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the transaction, the director now directly owns 6,845 shares in the company, valued at approximately $1,732,401.05. The trade was a 21.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock valued at $113,142,592 over the last three months. 20.00% of the stock is owned by corporate insiders.

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.