Kampmann Melissa S. Trims Stake in Workday, Inc. (NASDAQ:WDAY)

Kampmann Melissa S. lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,940 shares of the software maker’s stock after selling 1,155 shares during the quarter. Workday comprises 2.8% of Kampmann Melissa S.’s portfolio, making the stock its 14th largest position. Kampmann Melissa S.’s holdings in Workday were worth $3,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of WDAY. Parnassus Investments LLC grew its holdings in Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock worth $631,589,000 after purchasing an additional 2,078,097 shares during the period. Raymond James Financial Inc. purchased a new stake in Workday in the fourth quarter worth about $194,679,000. Two Sigma Advisers LP grew its holdings in Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after purchasing an additional 562,400 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Workday by 62.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock worth $350,921,000 after purchasing an additional 524,799 shares during the period. Finally, KBC Group NV grew its holdings in Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after purchasing an additional 506,812 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WDAY shares. Scotiabank cut their price objective on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and upped their target price for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Wells Fargo & Company upped their target price on shares of Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.36.

Workday Stock Performance

WDAY opened at $252.50 on Thursday. The stock has a market capitalization of $67.17 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 3.55 and a beta of 1.38. The company has a fifty day moving average of $256.84 and a 200 day moving average of $255.28. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. 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 56,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the transaction, the insider now owns 228,000 shares of the company’s stock, valued at $60,579,600. This trade represents a 19.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 473,001 shares of company stock valued at $120,614,400. Corporate insiders own 20.00% of the company’s stock.

About Workday

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.