Y.D. More Investments Ltd Has $1.77 Million Position in Workday, Inc. (NASDAQ:WDAY)

Y.D. More Investments Ltd lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 9.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,868 shares of the software maker’s stock after selling 700 shares during the period. Y.D. More Investments Ltd’s holdings in Workday were worth $1,772,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WDAY. Capital Performance Advisors LLP acquired a new position in shares of Workday in the third quarter valued at approximately $26,000. Crews Bank & Trust bought a new position in Workday during the 4th quarter worth $26,000. Meeder Asset Management Inc. lifted its holdings in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares in the last quarter. New Millennium Group LLC boosted its position in shares of Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after acquiring an additional 94 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after acquiring an additional 143 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Trading Down 0.0 %

Shares of Workday stock opened at $259.73 on Wednesday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $69.09 billion, a P/E ratio of 43.07, a price-to-earnings-growth ratio of 4.73 and a beta of 1.35. The firm has a 50-day simple moving average of $260.91 and a two-hundred day simple moving average of $249.30.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data 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 firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. As a group, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WDAY shares. Loop Capital decreased their target price on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Guggenheim raised shares of Workday from a “sell” rating to a “neutral” rating in a report on Monday, January 6th. Citigroup decreased their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada upped their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $292.25.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 70,090 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,215,826.41. This represents a 40.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is currently owned by company insiders.

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.