Workday, Inc. (NASDAQ:WDAY) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC lowered its position in shares of Workday, Inc. (NASDAQ:WDAY) by 63.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,767 shares of the software maker’s stock after selling 3,116 shares during the quarter. Blueshift Asset Management LLC’s holdings in Workday were worth $456,000 as of its most recent SEC filing.

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

Workday Trading Down 0.8 %

NASDAQ:WDAY opened at $250.47 on Friday. The firm has a market cap of $66.63 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The stock has a fifty day moving average price of $256.76 and a 200 day moving average price of $255.24. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. 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 (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 71,672 shares of Workday stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $248.58, for a total value of $17,816,225.76. Following the sale, the insider now owns 102,997 shares in the company, valued at $25,602,994.26. This trade represents a 41.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 473,001 shares of company stock valued at $120,614,400 in the last ninety days. Insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the subject of a number of research analyst reports. Guggenheim reissued a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and increased their price target for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Wells Fargo & Company increased their price target on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Citigroup cut their price target on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.36.

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.