Blackhawk Capital Partners LLC. Sells 827 Shares of Workday, Inc. (NASDAQ:WDAY)

Blackhawk Capital Partners LLC. cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,791 shares of the software maker’s stock after selling 827 shares during the quarter. Workday accounts for approximately 1.4% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 17th largest position. Blackhawk Capital Partners LLC.’s holdings in Workday were worth $2,784,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Roxbury Financial LLC purchased a new position in shares of Workday in the 4th quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of Workday in the 3rd quarter valued at about $26,000. Crews Bank & Trust purchased a new position in Workday in the fourth quarter worth about $26,000. Avion Wealth increased its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Workday by 42.2% during the third 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. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WDAY. Royal Bank of Canada lifted their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Barclays dropped their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. BNP Paribas raised shares of Workday to a “strong-buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group lifted their price target on shares of Workday from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research report on Thursday, February 6th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $291.11.

Workday Trading Up 2.1 %

WDAY opened at $261.81 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. 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. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock has a fifty day moving average price of $260.42 and a 200-day moving average price of $253.82.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now owns 6,845 shares in the company, valued at $1,732,401.05. The trade was a 21.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 in the last 90 days. 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.