Workday, Inc. (NASDAQ:WDAY) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC decreased its position in Workday, Inc. (NASDAQ:WDAYFree Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,489 shares of the software maker’s stock after selling 162 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Workday were worth $679,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. grew its position in shares of Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after acquiring an additional 3,260 shares in the last quarter. Morgan Stanley boosted its position in Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the period. Assetmark Inc. boosted its position in Workday by 9.9% during the 4th quarter. Assetmark Inc. now owns 21,414 shares of the software maker’s stock valued at $5,912,000 after purchasing an additional 1,933 shares during the period. Bornite Capital Management LP acquired a new position in Workday during the 4th quarter valued at approximately $34,508,000. Finally, Bain Capital Public Equity LP boosted its position in Workday by 32.5% during the 4th quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock valued at $6,203,000 after purchasing an additional 5,513 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction 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 transaction, the insider now owns 843,000 shares in the company, valued at $223,302,270. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder David A. Duffield sold 82,762 shares of Workday stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the transaction, the insider now owns 102,997 shares in the company, valued at $21,658,209.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction 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 in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 389,162 shares of company stock worth $87,128,156. 20.00% of the stock is owned by corporate insiders.

Workday Stock Down 1.1 %

Shares of Workday stock opened at $226.54 on Tuesday. The stock’s fifty day moving average is $229.26 and its 200-day moving average is $261.26. The firm has a market capitalization of $60.03 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 5.77 and a beta of 1.35. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 12-month low of $202.01 and a 12-month high of $311.28.

Workday (NASDAQ:WDAYGet Free Report) last announced its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. Workday had a return on equity of 5.78% and a net margin of 19.66%. Workday’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. Equities analysts anticipate that Workday, Inc. will post 2.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WDAY shares. DA Davidson reduced their price objective on Workday from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. UBS Group reduced their price objective on Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus cut their target price on Workday from $290.00 to $250.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Bank of America cut their target price on Workday from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Finally, Canaccord Genuity Group cut their target price on Workday from $305.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $282.11.

View Our Latest Report on WDAY

Workday Profile

(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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