Banco Santander S.A. Sells 950 Shares of Workday, Inc. (NASDAQ:WDAY)

Banco Santander S.A. trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,940 shares of the software maker’s stock after selling 950 shares during the period. Banco Santander S.A.’s holdings in Workday were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WDAY. Bessemer Group Inc. increased its holdings in shares of Workday by 13.4% in the first quarter. Bessemer Group Inc. now owns 2,396 shares of the software maker’s stock worth $654,000 after purchasing an additional 283 shares during the period. Lake Street Advisors Group LLC purchased a new position in Workday in the first quarter worth $214,000. Crewe Advisors LLC purchased a new position in shares of Workday in the 1st quarter worth about $27,000. Shell Asset Management Co. purchased a new position in shares of Workday during the 1st quarter valued at about $323,000. Finally, Capital World Investors lifted its position in Workday by 0.3% in the 1st quarter. Capital World Investors now owns 346,626 shares of the software maker’s stock worth $94,542,000 after buying an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WDAY. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Thursday, September 19th. Scotiabank began coverage on shares of Workday in a report on Monday. They issued a “sector outperform” rating and a $340.00 price target on the stock. Loop Capital upped their price objective on shares of Workday from $255.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Stifel Nicolaus raised their target price on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, Needham & Company LLC lowered their price target on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus price target of $289.46.

Workday Stock Up 3.3 %

WDAY stock opened at $268.08 on Friday. The stock has a market capitalization of $71.04 billion, a P/E ratio of 46.70, a P/E/G ratio of 5.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The business has a fifty day moving average price of $247.36 and a 200-day moving average price of $236.95.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. Workday’s revenue was up 16.5% on a year-over-year basis. Equities analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now owns 8,674 shares in the company, valued at $2,097,806.90. This trade represents a 17.41 % 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, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the transaction, the insider now owns 281,000 shares in the company, valued at $68,004,810. This trade represents a 16.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 in the last ninety days. 20.00% of the stock is currently owned by company insiders.

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.