Appleton Partners Inc. MA Sells 301 Shares of Workday, Inc. (NASDAQ:WDAY)

Appleton Partners Inc. MA cut its position in Workday, Inc. (NASDAQ:WDAYFree Report) by 12.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,094 shares of the software maker’s stock after selling 301 shares during the period. Appleton Partners Inc. MA’s holdings in Workday were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WDAY. Beacon Capital Management LLC increased its stake in shares of Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after purchasing an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC grew its stake in Workday by 215.4% during the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares in the last quarter. Clear Street Markets LLC purchased a new position in Workday during the third quarter valued at $29,000. Exchange Traded Concepts LLC grew its stake in Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in Workday during the fourth quarter valued at $33,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $276.95, for a total value of $15,509,200.00. Following the completion of the transaction, the insider now directly owns 1,011,000 shares in the company, valued at approximately $279,996,450. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Workday news, major shareholder David A. Duffield sold 64,162 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $271.67, for a total transaction of $17,430,890.54. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $27,981,194.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the transaction, the insider now owns 1,011,000 shares of the company’s stock, valued at $279,996,450. The disclosure for this sale can be found here. Insiders sold a total of 448,713 shares of company stock worth $112,547,513 in the last three months. Company insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of several research analyst reports. Royal Bank of Canada cut their target price on shares of Workday from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Sanford C. Bernstein cut their target price on shares of Workday from $321.00 to $301.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. The Goldman Sachs Group cut their target price on shares of Workday from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Stifel Nicolaus cut their target price on shares of Workday from $290.00 to $250.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Workday from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $283.96.

Read Our Latest Report on Workday

Workday Stock Performance

NASDAQ WDAY traded down $2.23 on Tuesday, hitting $210.23. 353,132 shares of the company’s stock traded hands, compared to its average volume of 2,188,904. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 1-year low of $202.01 and a 1-year high of $311.28. The firm’s 50-day moving average price is $240.56 and its two-hundred day moving average price is $266.76. The firm has a market capitalization of $55.71 billion, a PE ratio of 38.26, a P/E/G ratio of 6.28 and a beta of 1.33.

Workday (NASDAQ:WDAYGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, analysts expect that Workday, Inc. will post 1.78 EPS for the current year.

About Workday

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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