Bryn Mawr Capital Management LLC Trims Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Bryn Mawr Capital Management LLC reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,651 shares of the software maker’s stock after selling 135 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Workday were worth $732,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Global Retirement Partners LLC grew its stake in shares of Workday by 68.5% in the third quarter. Global Retirement Partners LLC now owns 332 shares of the software maker’s stock valued at $70,000 after buying an additional 135 shares in the last quarter. Caprock Group LLC grew its stake in shares of Workday by 136.5% in the third quarter. Caprock Group LLC now owns 2,330 shares of the software maker’s stock valued at $501,000 after buying an additional 1,345 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Workday by 3.7% in the third quarter. Asset Management One Co. Ltd. now owns 84,057 shares of the software maker’s stock valued at $18,060,000 after buying an additional 2,975 shares in the last quarter. Evanson Asset Management LLC grew its stake in shares of Workday by 32.0% in the third quarter. Evanson Asset Management LLC now owns 2,063 shares of the software maker’s stock valued at $443,000 after buying an additional 500 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC acquired a new stake in shares of Workday in the third quarter valued at about $838,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WDAY. BMO Capital Markets raised their price objective on Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Barclays reduced their target price on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. StockNews.com downgraded Workday from a “strong-buy” rating to a “buy” rating in a report on Monday, April 8th. Needham & Company LLC increased their target price on Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $300.00 target price on shares of Workday in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Stock Down 1.2 %

Shares of WDAY stock opened at $251.04 on Friday. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The stock has a market cap of $66.27 billion, a PE ratio of 48.75, a price-to-earnings-growth ratio of 6.35 and a beta of 1.32. The business’s fifty day moving average is $273.49 and its 200-day moving average is $263.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

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

Insider Activity

In other news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the sale, the insider now directly owns 165,932 shares in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is 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.