Hel Ved Capital Management Ltd Has $1.63 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Hel Ved Capital Management Ltd lowered its position in shares of Workday, Inc. (NASDAQ:WDAY) by 16.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,310 shares of the software maker’s stock after selling 1,270 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Workday were worth $1,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WDAY. Oarsman Capital Inc. increased its position in Workday by 5.8% during the fourth quarter. Oarsman Capital Inc. now owns 928 shares of the software maker’s stock worth $239,000 after acquiring an additional 51 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of Workday during the fourth quarter worth approximately $16,892,000. Wells Fargo & Company MN raised its position in shares of Workday by 5.9% in the fourth quarter. Wells Fargo & Company MN now owns 733,038 shares of the software maker’s stock valued at $189,146,000 after buying an additional 40,698 shares in the last quarter. Prudential PLC raised its position in shares of Workday by 3.4% in the fourth quarter. Prudential PLC now owns 32,081 shares of the software maker’s stock valued at $8,278,000 after buying an additional 1,047 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in shares of Workday by 2.1% in the fourth quarter. Pitcairn Co. now owns 14,337 shares of the software maker’s stock valued at $3,699,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on WDAY shares. Citigroup dropped their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price target on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Piper Sandler increased their price objective on shares of Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $300.18.

Workday Price Performance

Workday stock opened at $217.14 on Friday. The stock’s 50 day moving average is $254.30 and its 200 day moving average is $254.04. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm has a market cap of $57.76 billion, a P/E ratio of 36.01, 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 released its quarterly 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). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. As a group, research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,441 shares of company stock valued at $108,901,692. 20.00% of the stock is currently owned by 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.