Workday, Inc. (NASDAQ:WDAY) Shares Sold by Paces Ferry Wealth Advisors LLC

Paces Ferry Wealth Advisors LLC cut its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,533 shares of the software maker’s stock after selling 65 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Workday were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Stevens Capital Management LP acquired a new stake in Workday during the fourth quarter worth about $1,199,000. LPL Financial LLC grew its holdings in shares of Workday by 26.3% during the 4th quarter. LPL Financial LLC now owns 169,293 shares of the software maker’s stock worth $43,526,000 after purchasing an additional 35,211 shares during the period. Samalin Investment Counsel LLC acquired a new stake in Workday during the 4th quarter worth approximately $320,000. KLP Kapitalforvaltning AS purchased a new position in Workday in the fourth quarter valued at approximately $25,850,000. Finally, American Century Companies Inc. lifted its position in Workday by 0.8% during the fourth quarter. American Century Companies Inc. now owns 1,949,974 shares of the software maker’s stock valued at $503,152,000 after buying an additional 15,193 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $261.75, for a total transaction of $14,658,000.00. Following the completion of the transaction, the insider now owns 172,000 shares in the company, valued at approximately $45,021,000. This represents a 24.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the sale, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. This represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 473,001 shares of company stock worth $120,614,400 in the last 90 days. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, February 26th. UBS Group boosted their price objective on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. 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 report on Wednesday, February 26th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $300.36.

Workday Trading Down 0.4 %

Workday stock opened at $249.49 on Friday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The firm’s 50-day moving average is $256.76 and its 200-day moving average is $255.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $66.36 billion, a P/E ratio of 41.37, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last issued its 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). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. On average, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current 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.