Workday, Inc. (NASDAQ:WDAY) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 59.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 260 shares of the software maker’s stock after selling 388 shares during the period. First Horizon Advisors Inc.’s holdings in Workday were worth $67,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WDAY. Roxbury Financial LLC bought a new stake in Workday during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in Workday during the third quarter worth $26,000. Crews Bank & Trust acquired a new position in Workday during the fourth quarter worth $26,000. Avion Wealth raised its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. KeyCorp raised their target price on Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho raised their target price on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. raised their price target on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Oppenheimer raised their price target on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $302.14.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction 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. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 70,003 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $25,872,846.40. This trade represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 433,321 shares of company stock valued at $111,763,803. 20.00% of the stock is owned by insiders.

Workday Trading Down 3.9 %

NASDAQ WDAY opened at $260.57 on Friday. The firm has a market cap of $69.31 billion, a P/E ratio of 43.21, a P/E/G ratio of 3.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock’s 50-day moving average is $259.89 and its 200-day moving average is $254.28. Workday, Inc. has a one year low of $199.81 and a one year high of $298.50.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.