Cullen Frost Bankers Inc. Sells 461 Shares of Workday, Inc. (NASDAQ:WDAY)

Cullen Frost Bankers Inc. trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,707 shares of the software maker’s stock after selling 461 shares during the period. Cullen Frost Bankers Inc.’s holdings in Workday were worth $25,593,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WDAY. Beacon Capital Management LLC grew its position in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC grew its position in Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after acquiring an additional 84 shares in the last quarter. Clear Street Markets LLC bought a new stake in shares of Workday during the 3rd quarter worth $29,000. Exchange Traded Concepts LLC boosted its holdings in shares of Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after buying an additional 105 shares during the period. Finally, CVA Family Office LLC bought a new stake in shares of Workday during the 4th quarter worth $33,000. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 0.2 %

NASDAQ WDAY traded down $0.48 during trading on Tuesday, reaching $249.43. 1,647,172 shares of the stock traded hands, compared to its average volume of 1,839,280. The firm has a market cap of $65.85 billion, a price-to-earnings ratio of 48.43, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33. The stock’s 50-day moving average price is $266.02 and its 200 day moving average price is $266.06. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a fifty-two week low of $174.25 and a fifty-two week high of $311.28.

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

Analyst Ratings Changes

Several research firms recently issued reports on WDAY. Wells Fargo & Company upped their price objective on shares of Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Mizuho upped their price objective on shares of Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Piper Sandler reiterated an “overweight” rating and set a $330.00 target price on shares of Workday in a research note on Monday, February 26th. Morgan Stanley cut their target price on shares of Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Finally, Citigroup upped their target price on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. One investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, 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 can be accessed through this link. In other news, insider Douglas A. Robinson sold 411 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the sale, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 directly owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 over the last quarter. 21.09% of the stock is currently owned by company insiders.

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.