Workday, Inc. (NASDAQ:WDAY) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 31.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,416 shares of the software maker’s stock after selling 2,070 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Workday were worth $1,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC lifted its holdings in shares of Workday by 5.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,252 shares of the software maker’s stock valued at $581,000 after purchasing an additional 117 shares during the last quarter. ORG Partners LLC lifted its stake in Workday by 3.9% in the fourth quarter. ORG Partners LLC now owns 2,760 shares of the software maker’s stock valued at $712,000 after buying an additional 104 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Workday by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,227 shares of the software maker’s stock valued at $10,809,000 after acquiring an additional 146 shares during the period. ORG Wealth Partners LLC grew its position in shares of Workday by 9.2% during the fourth quarter. ORG Wealth Partners LLC now owns 1,605 shares of the software maker’s stock worth $414,000 after acquiring an additional 135 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Workday by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,325 shares of the software maker’s stock valued at $600,000 after acquiring an additional 60 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Performance

NASDAQ WDAY opened at $259.01 on Friday. 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, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The business has a fifty day moving average of $238.49 and a 200-day moving average of $252.15. The stock has a market cap of $68.90 billion, a price-to-earnings ratio of 42.95, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on WDAY shares. DA Davidson dropped their price objective on shares of Workday from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. UBS Group upped their price objective on Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Citigroup lowered their target price on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company cut their price target on Workday from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.62.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 81,275 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at approximately $7,789,921.75. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 321,724 shares of company stock valued at $77,976,126. Company insiders own 19.31% 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.