Elo Mutual Pension Insurance Co Sells 711 Shares of Workday, Inc. (NASDAQ:WDAY)

Elo Mutual Pension Insurance Co cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,438 shares of the software maker’s stock after selling 711 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Workday were worth $5,016,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WDAY. Bristlecone Advisors LLC boosted its position in Workday by 49.6% in the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Workday by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after acquiring an additional 1,978 shares during the period. Nordea Investment Management AB boosted its holdings in Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after acquiring an additional 119,769 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in Workday in the fourth quarter worth about $369,000. Finally, Worldquant Millennium Advisors LLC raised its holdings in Workday by 387.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock worth $86,926,000 after purchasing an additional 282,632 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

Shares of WDAY stock opened at $244.55 on Friday. The company has a fifty day moving average price of $256.89 and a two-hundred day moving average price of $254.93. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The stock has a market cap of $65.05 billion, a P/E ratio of 40.56, a P/E/G ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) 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, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several recent research reports. UBS Group raised their target price on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Stifel Nicolaus increased their price target on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Loop Capital raised their price target on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Monday. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $300.36.

Insider Transactions at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the transaction, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. This represents a 9.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $261.75, for a total transaction of $14,658,000.00. Following the completion of the transaction, the insider now directly owns 172,000 shares in the company, valued at approximately $45,021,000. This represents a 24.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 487,145 shares of company stock worth $123,289,438. 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.