Intellectus Partners LLC Decreases Stake in Workday, Inc. (NASDAQ:WDAY)

Intellectus Partners LLC lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,218 shares of the software maker’s stock after selling 141 shares during the period. Intellectus Partners LLC’s holdings in Workday were worth $1,993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Partners LLC increased its position in Workday by 1.2% during the fourth quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock worth $788,000 after buying an additional 34 shares during the period. Washington Trust Advisors Inc. grew its stake in shares of Workday by 8.1% in the 4th quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock valued at $133,000 after purchasing an additional 36 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of Workday by 2.6% in the 4th quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock valued at $387,000 after purchasing an additional 36 shares during the last quarter. Cigna Investments Inc. New grew its stake in shares of Workday by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock valued at $598,000 after purchasing an additional 37 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its stake in shares of Workday by 0.9% in the 4th quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker’s stock valued at $1,294,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WDAY. TheStreet upgraded Workday from a “c” rating to a “b-” rating in a research note on Monday, February 26th. The Goldman Sachs Group lifted their price target on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Barclays decreased their price target on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. Guggenheim restated a “sell” rating and issued a $190.00 price target on shares of Workday in a research note on Tuesday, February 27th. Finally, Evercore ISI lifted their price target on Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Trading Down 1.2 %

WDAY traded down $3.02 on Friday, reaching $251.04. 2,549,113 shares of the company’s stock were exchanged, compared to its average volume of 1,310,809. The company’s 50 day moving average is $273.49 and its 200-day moving average is $264.07. The company has a market cap of $66.27 billion, a price-to-earnings ratio of 48.75, a PEG ratio of 6.27 and a beta of 1.32. Workday, Inc. has a twelve month low of $174.25 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. Workday’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. Equities analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the transaction, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares of the company’s stock, valued at $223,302,270. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock worth $117,731,569 in the last 90 days. 21.09% of the stock is owned by company insiders.

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.