Nilsine Partners LLC Lowers Holdings in Workday, Inc. (NASDAQ:WDAY)

Nilsine Partners LLC decreased its position in Workday, Inc. (NASDAQ:WDAY) by 29.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,897 shares of the software maker’s stock after selling 797 shares during the period. Nilsine Partners LLC’s holdings in Workday were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Two Sigma Advisers LP grew its holdings in shares of Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after buying an additional 562,400 shares during the last quarter. KBC Group NV lifted its position in Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after acquiring an additional 506,812 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after purchasing an additional 480,459 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Workday in the 3rd quarter worth $78,003,000. Finally, Lindbrook Capital LLC raised its stake in shares of Workday by 17,001.6% in the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after purchasing an additional 284,266 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Up 2.4 %

Shares of NASDAQ:WDAY opened at $270.43 on Wednesday. The company has a 50-day moving average price of $261.01 and a 200 day moving average price of $248.19. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a market cap of $71.93 billion, a price-to-earnings ratio of 44.85, a PEG ratio of 4.58 and a beta of 1.34.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Scotiabank began coverage on shares of Workday in a report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target on the stock. Piper Sandler reissued a “neutral” rating and set a $270.00 price objective (down from $285.00) on shares of Workday in a report on Wednesday, November 27th. Mizuho raised their target price on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Morgan Stanley lifted their target price on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $292.25.

Insider Buying and Selling

In other Workday news, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the sale, the insider now owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,819 shares of company stock valued at $113,142,592. Company insiders own 20.00% of the company’s stock.

Workday Company Profile

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.