Workday, Inc. $WDAY Shares Sold by Rathbones Group PLC

Rathbones Group PLC reduced its holdings in Workday, Inc. (NASDAQ:WDAY) by 72.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,200 shares of the software maker’s stock after selling 10,810 shares during the period. Rathbones Group PLC’s holdings in Workday were worth $546,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of WDAY. Rakuten Securities Inc. acquired a new stake in shares of Workday in the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday in the 3rd quarter worth $26,000. DT Investment Partners LLC acquired a new stake in shares of Workday in the 4th quarter worth $27,000. LRI Investments LLC purchased a new position in shares of Workday during the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Workday during the 3rd quarter worth $30,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of analyst reports. Morgan Stanley lowered shares of Workday from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $185.00 to $145.00 in a report on Tuesday, July 21st. Summit Redstone set a $275.00 target price on shares of Workday in a report on Wednesday, May 27th. Barclays raised shares of Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. TD Cowen reaffirmed a “hold” rating on shares of Workday in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $179.80.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $136.74, for a total transaction of $14,699,550.00. Following the sale, the insider owned 105,049 shares in the company, valued at $14,364,400.26. This represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of the company’s stock in a transaction that occurred on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total value of $724,952.60. Following the sale, the insider directly owned 239,469 shares in the company, valued at approximately $32,304,368.10. This represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 875,020 shares of company stock valued at $113,938,503 over the last 90 days. Corporate insiders own 18.64% of the company’s stock.

Workday Stock Down 0.4%

NASDAQ:WDAY opened at $170.63 on Thursday. The stock has a market capitalization of $42.15 billion, a price-to-earnings ratio of 53.32, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $249.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $138.92 and its two-hundred day moving average is $139.03.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.23 EPS. Research analysts anticipate that Workday, Inc. will post 5.38 EPS for the current year.

About Workday

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.