Workday, Inc. (NASDAQ:WDAY) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,320 shares of the software maker’s stock after selling 313 shares during the quarter. Sanctuary Advisors LLC’s holdings in Workday were worth $7,625,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WDAY. Whittier Trust Co. of Nevada Inc. raised its holdings in Workday by 73.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 289 shares of the software maker’s stock valued at $71,000 after acquiring an additional 122 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Workday by 5.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,228 shares of the software maker’s stock valued at $300,000 after purchasing an additional 63 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Workday by 13.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,561 shares of the software maker’s stock valued at $626,000 after purchasing an additional 295 shares in the last quarter. Signaturefd LLC lifted its position in shares of Workday by 9.7% during the 3rd quarter. Signaturefd LLC now owns 3,460 shares of the software maker’s stock worth $846,000 after purchasing an additional 307 shares during the last quarter. Finally, Lecap Asset Management Ltd. grew its stake in shares of Workday by 84.4% during the third quarter. Lecap Asset Management Ltd. now owns 18,334 shares of the software maker’s stock worth $4,481,000 after purchasing an additional 8,391 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $261.10 on Thursday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a 50-day moving average price of $261.36 and a 200 day moving average price of $252.47. The company has a market cap of $69.45 billion, a P/E ratio of 43.30, a PEG ratio of 3.51 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

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

Analyst Ratings Changes

WDAY has been the topic of a number of analyst reports. Oppenheimer restated an “outperform” rating and issued a $300.00 price target on shares of Workday in a research note on Tuesday, December 3rd. Morgan Stanley lowered Workday from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $330.00 to $275.00 in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Thursday, February 6th. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada upped their target price on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $291.11.

Insider Transactions at Workday

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