Atria Investments Inc Cuts Stock Holdings in Workday, Inc. $WDAY

Atria Investments Inc reduced its holdings in Workday, Inc. (NASDAQ:WDAY) by 46.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,379 shares of the software maker’s stock after selling 19,901 shares during the quarter. Atria Investments Inc’s holdings in Workday were worth $5,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its holdings in Workday by 19.2% in the third quarter. Illinois Municipal Retirement Fund now owns 13,847 shares of the software maker’s stock valued at $3,333,000 after buying an additional 2,227 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its position in shares of Workday by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 45,169 shares of the software maker’s stock valued at $10,874,000 after acquiring an additional 3,600 shares in the last quarter. Savvy Advisors Inc. boosted its stake in shares of Workday by 3.2% during the third quarter. Savvy Advisors Inc. now owns 3,353 shares of the software maker’s stock valued at $807,000 after acquiring an additional 105 shares during the last quarter. Cibc World Market Inc. boosted its stake in shares of Workday by 114.3% during the 3rd quarter. Cibc World Market Inc. now owns 23,996 shares of the software maker’s stock worth $5,777,000 after purchasing an additional 12,799 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Workday in the 3rd quarter worth approximately $966,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the transaction, the insider directly owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the transaction, the chief financial officer owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 370,321 shares of company stock worth $78,866,401. Company insiders own 19.31% of the company’s stock.

Workday Stock Up 0.3%

NASDAQ:WDAY opened at $144.42 on Friday. The stock has a 50-day simple moving average of $196.02 and a 200 day simple moving average of $217.92. Workday, Inc. has a one year low of $140.59 and a one year high of $281.00. The company has a market capitalization of $37.98 billion, a price-to-earnings ratio of 60.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the business posted $1.89 EPS. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. Sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WDAY. Guggenheim reiterated a “buy” rating and set a $285.00 target price on shares of Workday in a research report on Wednesday, November 26th. Wells Fargo & Company dropped their price objective on shares of Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. KeyCorp cut their price objective on Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their target price on Workday from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $269.06.

Workday Profile

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.