Workday, Inc. (NASDAQ:WDAY) Shares Sold by 1858 Wealth Management LLC

1858 Wealth Management LLC lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 46.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,244 shares of the software maker’s stock after selling 1,076 shares during the quarter. 1858 Wealth Management LLC’s holdings in Workday were worth $321,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Marcum Wealth LLC raised its position in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after acquiring an additional 41 shares in the last quarter. Custom Index Systems LLC lifted its position in shares of Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after buying an additional 41 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Workday by 0.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after buying an additional 43 shares during the last quarter. Finally, Opal Wealth Advisors LLC raised its stake in Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Down 0.0 %

Shares of NASDAQ WDAY opened at $259.73 on Wednesday. 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, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The company has a market capitalization of $69.09 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 4.73 and a beta of 1.35. The firm’s 50-day moving average is $260.91 and its two-hundred day moving average is $249.30.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the business posted $0.47 earnings per share. Workday’s revenue was up 15.8% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WDAY has been the subject of several research analyst reports. Piper Sandler restated a “neutral” rating and issued a $270.00 price objective (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Wells Fargo & Company raised their target price on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada increased their price target on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer restated an “outperform” rating and issued a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $292.25.

Workday Company 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.