Workday, Inc. $WDAY Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 65.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,933 shares of the software maker’s stock after selling 5,633 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Workday were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rakuten Securities Inc. purchased a new stake in Workday in the 2nd quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the third quarter worth about $26,000. JPL Wealth Management LLC purchased a new position in Workday during the third quarter worth about $30,000. Berbice Capital Management LLC increased its position in shares of Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after acquiring an additional 75 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Workday during the third quarter valued at about $40,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Trading Up 1.9%

NASDAQ WDAY opened at $135.96 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.32 and a beta of 1.17. The firm has a 50 day simple moving average of $157.12 and a 200-day simple moving average of $202.42. Workday, Inc. has a one year low of $117.76 and a one year high of $276.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.15. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Workday from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. BTIG Research dropped their target price on shares of Workday from $230.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Jefferies Financial Group lowered Workday from a “buy” rating to a “hold” rating and cut their target price for the company from $325.00 to $150.00 in a research report on Monday, February 23rd. Citizens Jmp cut Workday from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, Oppenheimer lowered their price target on Workday from $200.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $199.71.

Insider Buying and Selling at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the sale, the chief financial officer owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. This represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Enslin sold 22,185 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $210.17, for a total value of $4,662,621.45. Following the completion of the sale, the insider owned 106,330 shares in the company, valued at approximately $22,347,376.10. The trade was a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 737,815 shares of company stock worth $116,507,538. 20.00% of the stock is currently owned by insiders.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.