Workday, Inc. (NASDAQ:WDAY) Shares Sold by Stonnington Group LLC

Stonnington Group LLC cut its position in shares of Workday, Inc. (NASDAQ:WDAYGet Rating) by 53.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,582 shares of the software maker’s stock after selling 1,800 shares during the quarter. Stonnington Group LLC’s holdings in Workday were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Workday by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,152,961 shares of the software maker’s stock worth $2,910,149,000 after acquiring an additional 139,939 shares during the last quarter. Lone Pine Capital LLC increased its stake in Workday by 16.9% during the fourth quarter. Lone Pine Capital LLC now owns 5,814,667 shares of the software maker’s stock worth $1,588,451,000 after acquiring an additional 840,799 shares during the last quarter. Clearbridge Investments LLC increased its stake in Workday by 6.2% during the first quarter. Clearbridge Investments LLC now owns 3,427,755 shares of the software maker’s stock worth $820,810,000 after acquiring an additional 201,605 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in Workday by 6.2% during the first quarter. Sustainable Growth Advisers LP now owns 2,970,385 shares of the software maker’s stock worth $711,288,000 after acquiring an additional 172,194 shares during the last quarter. Finally, Norges Bank acquired a new stake in Workday during the fourth quarter worth about $688,093,000. 68.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of recent research reports. Piper Sandler increased their target price on Workday from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Friday, August 26th. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Saturday, May 28th. Monness Crespi & Hardt initiated coverage on Workday in a research note on Wednesday, September 14th. They issued a “buy” rating and a $200.00 target price for the company. KeyCorp lowered their target price on Workday from $229.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, May 27th. Finally, TheStreet lowered Workday from a “c-” rating to a “d+” rating in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average price target of $242.97.

Workday Stock Down 1.3 %

Shares of WDAY stock opened at $152.29 on Monday. Workday, Inc. has a 1 year low of $134.10 and a 1 year high of $307.81. The business’s fifty day moving average is $163.20 and its 200-day moving average is $153.34. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58.

Workday (NASDAQ:WDAYGet Rating) last issued its quarterly earnings results on Thursday, August 25th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. Workday had a negative return on equity of 2.34% and a negative net margin of 3.46%. During the same quarter in the previous year, the firm posted $0.49 EPS. Analysts forecast that Workday, Inc. will post -0.61 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, CEO Gomez Luciano Fernandez sold 5,903 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction of $817,506.47. Following the completion of the sale, the chief executive officer now directly owns 259,702 shares of the company’s stock, valued at approximately $35,966,129.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Gomez Luciano Fernandez sold 5,903 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction of $817,506.47. Following the completion of the sale, the chief executive officer now directly owns 259,702 shares of the company’s stock, valued at approximately $35,966,129.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Barbara A. Larson sold 1,962 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $138.49, for a total value of $271,717.38. Following the sale, the chief financial officer now directly owns 79,454 shares of the company’s stock, valued at $11,003,584.46. The disclosure for this sale can be found here. Insiders sold a total of 15,022 shares of company stock valued at $2,080,397 in the last three months. 21.74% of the stock is currently owned by corporate insiders.

Workday Profile

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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It 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.

See Also

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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