Janney Montgomery Scott LLC Sells 103 Shares of Workday, Inc. (NASDAQ:WDAY)

Janney Montgomery Scott LLC lessened its holdings in Workday, Inc. (NASDAQ:WDAYGet Rating) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,233 shares of the software maker’s stock after selling 103 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Workday were worth $1,558,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Fifth Third Bancorp lifted its position in shares of Workday by 3,887.2% in the third quarter. Fifth Third Bancorp now owns 18,700 shares of the software maker’s stock worth $2,847,000 after purchasing an additional 18,231 shares in the last quarter. Outlook Wealth Advisors LLC bought a new stake in Workday during the third quarter worth $332,000. Raymond James & Associates raised its position in Workday by 4.6% during the third quarter. Raymond James & Associates now owns 338,473 shares of the software maker’s stock worth $51,522,000 after acquiring an additional 14,804 shares in the last quarter. AE Wealth Management LLC raised its position in Workday by 17.5% during the third quarter. AE Wealth Management LLC now owns 33,411 shares of the software maker’s stock worth $5,086,000 after acquiring an additional 4,982 shares in the last quarter. Finally, Xponance Inc. raised its position in Workday by 2.1% during the third quarter. Xponance Inc. now owns 23,364 shares of the software maker’s stock worth $3,556,000 after acquiring an additional 491 shares in the last quarter. Institutional investors own 66.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on WDAY shares. Moffett Nathanson started coverage on shares of Workday in a research report on Monday, January 9th. They set an “outperform” rating and a $245.00 price target on the stock. Capital One Financial started coverage on shares of Workday in a research report on Friday. They set an “overweight” rating and a $200.00 price target on the stock. Robert W. Baird dropped their price target on shares of Workday from $235.00 to $223.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 30th. Macquarie began coverage on shares of Workday in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $170.00 price objective on the stock. Finally, Piper Sandler decreased their price objective on shares of Workday from $186.00 to $184.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. Ten research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $215.09.

Insider Buying and Selling at Workday

In other Workday news, CEO Aneel Bhusri sold 2,787 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $161.72, for a total transaction of $450,713.64. Following the completion of the transaction, the chief executive officer now directly owns 415,722 shares in the company, valued at $67,230,561.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Workday news, COO James Bozzini sold 4,389 shares of the business’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $161.72, for a total transaction of $709,789.08. Following the sale, the chief operating officer now owns 103,228 shares of the company’s stock, valued at $16,694,032.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aneel Bhusri sold 2,787 shares of the business’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $161.72, for a total transaction of $450,713.64. Following the sale, the chief executive officer now directly owns 415,722 shares in the company, valued at approximately $67,230,561.84. The disclosure for this sale can be found here. Insiders sold a total of 119,548 shares of company stock worth $20,795,439 over the last three months. Corporate insiders own 21.74% of the company’s stock.

Workday Stock Up 2.2 %

Shares of WDAY opened at $167.15 on Monday. Workday, Inc. has a one year low of $128.72 and a one year high of $260.46. The company has a market cap of $42.96 billion, a P/E ratio of -134.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a 50 day simple moving average of $160.92 and a two-hundred day simple moving average of $158.37.

Workday (NASDAQ:WDAYGet Rating) last announced its quarterly earnings data on Tuesday, November 29th. The software maker reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.18. Workday had a negative net margin of 5.29% and a negative return on equity of 2.11%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis. Research analysts forecast that Workday, Inc. will post -0.44 EPS for the current fiscal year.

Workday announced that its board has authorized a share repurchase program on Tuesday, November 29th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About Workday

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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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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