Wrapmanager Inc. Sells 737 Shares of Workday, Inc. (NASDAQ:WDAY)

Wrapmanager Inc. lessened its holdings in Workday, Inc. (NASDAQ:WDAY) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,479 shares of the software maker’s stock after selling 737 shares during the quarter. Wrapmanager Inc.’s holdings in Workday were worth $640,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its stake in Workday by 24,593.2% in the 3rd quarter. International Assets Investment Management LLC now owns 215,325 shares of the software maker’s stock valued at $52,628,000 after acquiring an additional 214,453 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Workday by 28.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,479 shares of the software maker’s stock valued at $361,000 after acquiring an additional 327 shares during the last quarter. Dakota Wealth Management grew its stake in shares of Workday by 16.3% in the third quarter. Dakota Wealth Management now owns 4,091 shares of the software maker’s stock valued at $1,000,000 after buying an additional 573 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Workday by 27.0% in the third quarter. Ballentine Partners LLC now owns 1,892 shares of the software maker’s stock valued at $462,000 after purchasing an additional 402 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Workday by 47.8% in the third quarter. Arkadios Wealth Advisors now owns 3,168 shares of the software maker’s stock valued at $774,000 after purchasing an additional 1,025 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Up 2.1 %

Shares of Workday stock opened at $261.81 on Tuesday. The business has a 50-day moving average price of $260.42 and a 200-day moving average price of $253.82. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The firm has a market cap of $69.64 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 3.55 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Thursday, February 6th. Redburn Atlantic started coverage on Workday in a report on Wednesday, February 19th. They set a “neutral” rating for the company. Oppenheimer reiterated an “outperform” rating and set a $300.00 target price on shares of Workday in a research report on Tuesday, December 3rd. Wells Fargo & Company upped their target price on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $291.11.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares in the company, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 438,819 shares of company stock valued at $113,142,592. Company insiders own 20.00% of the company’s stock.

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.