Intellectus Partners LLC Sells 141 Shares of Workday, Inc. (NASDAQ:WDAY)

Intellectus Partners LLC trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,218 shares of the software maker’s stock after selling 141 shares during the period. Intellectus Partners LLC’s holdings in Workday were worth $1,993,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WDAY. Asset Management One Co. Ltd. raised its stake in shares of Workday by 3.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 84,057 shares of the software maker’s stock valued at $18,060,000 after acquiring an additional 2,975 shares in the last quarter. Evanson Asset Management LLC raised its stake in shares of Workday by 32.0% in the 3rd quarter. Evanson Asset Management LLC now owns 2,063 shares of the software maker’s stock valued at $443,000 after acquiring an additional 500 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in shares of Workday in the 3rd quarter valued at approximately $838,000. Golden State Equity Partners raised its stake in shares of Workday by 10.2% in the 3rd quarter. Golden State Equity Partners now owns 1,517 shares of the software maker’s stock valued at $326,000 after acquiring an additional 140 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its stake in shares of Workday by 23.2% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 3,688 shares of the software maker’s stock valued at $792,000 after acquiring an additional 695 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. Needham & Company LLC lifted their price target on Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Wells Fargo & Company lifted their price objective on Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. StockNews.com lowered Workday from a “strong-buy” rating to a “buy” rating in a report on Monday, April 8th. JMP Securities reissued a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Tuesday, February 27th. Finally, Morgan Stanley decreased their price objective on Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Trading Down 1.2 %

Shares of WDAY stock traded down $3.02 on Friday, reaching $251.04. 2,549,113 shares of the stock were exchanged, compared to its average volume of 1,310,809. The stock has a market cap of $66.27 billion, a PE ratio of 48.75, a P/E/G ratio of 6.27 and a beta of 1.32. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50 day moving average price of $273.49 and a 200 day moving average price of $264.07.

Workday (NASDAQ:WDAY) last released its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) earnings per share. Equities research analysts forecast that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares in the company, valued at $223,302,270. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares in the company, valued at $223,302,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock worth $117,731,569 over the last 90 days. 21.09% of the stock is owned by 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.