DekaBank Deutsche Girozentrale Sells 6,879 Shares of Workday, Inc. (NASDAQ:WDAY)

DekaBank Deutsche Girozentrale trimmed its position in Workday, Inc. (NASDAQ:WDAY) by 6.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 101,640 shares of the software maker’s stock after selling 6,879 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Workday were worth $27,761,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WDAY. Raymond James Financial Services Advisors Inc. grew its position in Workday by 28.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,705 shares of the software maker’s stock worth $3,507,000 after purchasing an additional 2,831 shares in the last quarter. Global Retirement Partners LLC grew its position in Workday by 24.4% in the 4th quarter. Global Retirement Partners LLC now owns 413 shares of the software maker’s stock worth $116,000 after purchasing an additional 81 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Workday by 6.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,459 shares of the software maker’s stock valued at $403,000 after acquiring an additional 91 shares during the period. Ballentine Partners LLC grew its position in shares of Workday by 3.4% during the 4th quarter. Ballentine Partners LLC now owns 1,652 shares of the software maker’s stock valued at $456,000 after acquiring an additional 55 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Workday by 7.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 89,918 shares of the software maker’s stock valued at $24,825,000 after acquiring an additional 5,861 shares during the period. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on WDAY. KeyCorp reduced their target price on shares of Workday from $330.00 to $275.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Jefferies Financial Group reduced their target price on shares of Workday from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Canaccord Genuity Group reduced their target price on shares of Workday from $305.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, May 24th. The Goldman Sachs Group reduced their target price on shares of Workday from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Finally, StockNews.com downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $281.44.

Workday Trading Down 3.5 %

NASDAQ:WDAY traded down $7.72 during trading hours on Friday, reaching $214.86. The company’s stock had a trading volume of 2,456,516 shares, compared to its average volume of 1,822,007. The firm has a market capitalization of $56.94 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 5.42 and a beta of 1.35. The firm has a 50-day simple moving average of $220.32 and a 200-day simple moving average of $255.01. Workday, Inc. has a 1 year low of $202.01 and a 1 year high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Workday had a net margin of 19.66% and a return on equity of 5.78%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Research analysts expect that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $209.17, for a total value of $11,922,690.00. Following the sale, the insider now owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the sale, the insider now owns 562,000 shares of the company’s stock, valued at approximately $128,877,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the sale, the insider now directly owns 786,000 shares in the company, valued at approximately $164,407,620. The disclosure for this sale can be found here. Insiders have sold a total of 524,672 shares of company stock worth $115,938,834 in the last 90 days. 20.00% of the stock is 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.