Blair William & Co. IL Has $178.07 Million Position in Workday, Inc. $WDAY

Blair William & Co. IL reduced its holdings in Workday, Inc. (NASDAQ:WDAY) by 6.1% during the 4th quarter, HoldingsChannel reports. The firm owned 829,064 shares of the software maker’s stock after selling 53,869 shares during the quarter. Blair William & Co. IL’s holdings in Workday were worth $178,066,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in WDAY. Finivi Inc. lifted its stake in shares of Workday by 3.3% in the third quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock valued at $365,000 after buying an additional 48 shares during the period. Strategic Investment Advisors MI lifted its stake in shares of Workday by 1.6% in the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after buying an additional 50 shares during the period. Legacy Financial Advisors Inc. lifted its stake in shares of Workday by 5.1% in the third quarter. Legacy Financial Advisors Inc. now owns 1,113 shares of the software maker’s stock valued at $268,000 after buying an additional 54 shares during the period. Sagespring Wealth Partners LLC lifted its stake in shares of Workday by 3.0% in the fourth quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock valued at $441,000 after buying an additional 59 shares during the period. Finally, CVA Family Office LLC lifted its stake in shares of Workday by 35.3% in the fourth quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock valued at $53,000 after buying an additional 65 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays upgraded shares of Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. Rosenblatt Securities cut their price target on shares of Workday from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Guggenheim cut their price target on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Finally, Evercore cut shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target for the company. in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.03.

Insider Activity

In other news, insider Gerrit S. Kazmaier sold 9,356 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total value of $1,201,216.84. Following the completion of the transaction, the insider owned 165,074 shares of the company’s stock, valued at $21,193,850.86. The trade was a 5.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Enslin sold 5,373 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the transaction, the insider directly owned 165,414 shares of the company’s stock, valued at $21,406,225.74. This trade represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 774,814 shares of company stock worth $102,272,866. Corporate insiders own 18.64% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY opened at $126.77 on Wednesday. The firm has a market cap of $31.31 billion, a price-to-earnings ratio of 39.62, a PEG ratio of 1.37 and a beta of 1.09. The company has a 50 day moving average of $127.94 and a 200-day moving average of $158.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $249.85.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business earned $2.23 EPS. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, equities analysts forecast that Workday, Inc. will post 5.4 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.