Profund Advisors LLC Sells 2,759 Shares of Workday, Inc. (NASDAQ:WDAY)

Profund Advisors LLC decreased its stake in shares of Workday, Inc. (NASDAQ:WDAYGet Rating) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,188 shares of the software maker’s stock after selling 2,759 shares during the quarter. Profund Advisors LLC’s holdings in Workday were worth $9,339,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Lone Pine Capital LLC increased its holdings in shares of Workday by 45.1% during the 3rd quarter. Lone Pine Capital LLC now owns 4,973,868 shares of the software maker’s stock worth $1,242,920,000 after purchasing an additional 1,546,502 shares during the period. Janus Henderson Group PLC increased its stake in Workday by 12.9% in the third quarter. Janus Henderson Group PLC now owns 3,911,968 shares of the software maker’s stock valued at $977,574,000 after acquiring an additional 448,283 shares during the period. Sustainable Growth Advisers LP increased its stake in Workday by 4.5% in the third quarter. Sustainable Growth Advisers LP now owns 2,941,073 shares of the software maker’s stock valued at $734,945,000 after acquiring an additional 127,926 shares during the period. Bares Capital Management Inc. increased its stake in Workday by 0.3% in the third quarter. Bares Capital Management Inc. now owns 2,627,789 shares of the software maker’s stock valued at $656,658,000 after acquiring an additional 7,617 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Workday by 1.2% in the third quarter. The Manufacturers Life Insurance Company now owns 2,487,972 shares of the software maker’s stock valued at $621,719,000 after acquiring an additional 30,437 shares during the period. Institutional investors own 69.08% of the company’s stock.

WDAY stock traded down $6.42 during midday trading on Tuesday, reaching $202.71. The company had a trading volume of 4,019 shares, compared to its average volume of 2,302,150. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. Workday, Inc. has a 1 year low of $204.28 and a 1 year high of $307.81. The company has a market capitalization of $50.68 billion, a P/E ratio of 2,021.90 and a beta of 1.38. The firm has a 50-day moving average price of $229.80 and a 200-day moving average price of $254.38.

Workday (NASDAQ:WDAYGet Rating) last announced its quarterly earnings data on Monday, February 28th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.01). Workday had a net margin of 0.57% and a return on equity of 2.63%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company posted ($0.13) EPS. Workday’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, equities analysts predict that Workday, Inc. will post -0.47 EPS for the current year.

In related news, CEO Gomez Luciano Fernandez sold 1,756 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $240.84, for a total transaction of $422,915.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robynne Sisco sold 13,042 shares of Workday stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $218.13, for a total value of $2,844,851.46. Following the sale, the chief financial officer now directly owns 99,316 shares in the company, valued at $21,663,799.08. The disclosure for this sale can be found here. Insiders sold a total of 256,453 shares of company stock valued at $60,374,855 in the last ninety days. 24.06% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Workday from $318.00 to $319.00 and gave the company an “overweight” rating in a research report on Tuesday, March 1st. The Goldman Sachs Group cut their price objective on shares of Workday from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. BMO Capital Markets upgraded Workday from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $330.00 to $295.00 in a research report on Tuesday, February 1st. Needham & Company LLC reduced their price target on Workday from $360.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, March 1st. Finally, Exane BNP Paribas lowered Workday from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 29th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Buy” and an average price target of $309.37.

Workday Profile (Get Rating)

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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