First Affirmative Financial Network Sells 42 Shares of Workday, Inc. (NASDAQ:WDAY)

First Affirmative Financial Network lowered its stake in Workday, Inc. (NASDAQ:WDAY) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,728 shares of the software maker’s stock after selling 42 shares during the period. First Affirmative Financial Network’s holdings in Workday were worth $446,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Swedbank AB raised its position in Workday by 17.7% during the 4th quarter. Swedbank AB now owns 97,529 shares of the software maker’s stock worth $25,165,000 after purchasing an additional 14,682 shares during the last quarter. Allen Capital Group LLC lifted its stake in shares of Workday by 11.2% in the fourth quarter. Allen Capital Group LLC now owns 8,285 shares of the software maker’s stock worth $2,138,000 after acquiring an additional 836 shares during the period. Smith Group Asset Management LLC boosted its holdings in Workday by 9.4% in the fourth quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker’s stock valued at $28,129,000 after acquiring an additional 9,324 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Workday by 17.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 350,238 shares of the software maker’s stock valued at $90,372,000 after purchasing an additional 51,215 shares during the period. Finally, BSW Wealth Partners bought a new position in Workday during the 4th quarter worth approximately $200,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock valued at $113,142,592 over the last 90 days. Insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Monday, November 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Tuesday, December 3rd. Guggenheim upgraded Workday from a “sell” rating to a “neutral” rating in a report on Monday, January 6th. Barclays decreased their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Finally, Royal Bank of Canada increased their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $265.40 on Thursday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $70.60 billion, a P/E ratio of 44.01, a P/E/G ratio of 4.58 and a beta of 1.34. The company has a 50 day moving average of $261.22 and a 200 day moving average of $248.48.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday 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.