Workday, Inc. (NASDAQ:WDAY) Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,700 shares of the software maker’s stock after selling 2,100 shares during the quarter. Forsta AP Fonden’s holdings in Workday were worth $16,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WDAY. Crewe Advisors LLC acquired a new position in shares of Workday during the 1st quarter valued at $27,000. Sound Income Strategies LLC increased its stake in Workday by 74.2% during the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after buying an additional 49 shares during the period. SouthState Corp increased its stake in Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after buying an additional 129 shares during the period. Asset Dedication LLC purchased a new stake in Workday during the 2nd quarter worth $36,000. Finally, PSI Advisors LLC purchased a new stake in Workday during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WDAY. JPMorgan Chase & Co. dropped their price target on shares of Workday from $300.00 to $285.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. BMO Capital Markets dropped their price target on shares of Workday from $338.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Friday, May 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Finally, Citigroup dropped their target price on shares of Workday from $293.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $288.15.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the completion of the sale, the director now directly owns 90,000 shares of the company’s stock, valued at $22,990,500. The disclosure for this sale can be found here. Insiders sold 466,402 shares of company stock valued at $107,992,034 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $251.19 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a 50-day simple moving average of $234.83 and a 200 day simple moving average of $244.14. The company has a market cap of $66.57 billion, a PE ratio of 45.26, a P/E/G ratio of 5.49 and a beta of 1.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. On average, sell-side analysts anticipate that Workday, Inc. will post 2.27 EPS for the current year.

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.