Workday, Inc. (NASDAQ:WDAY) Shares Sold by Darwin Wealth Management LLC

Darwin Wealth Management LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,401 shares of the software maker’s stock after selling 644 shares during the period. Darwin Wealth Management LLC’s holdings in Workday were worth $2,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Workday by 1.9% during the third quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock worth $3,010,244,000 after purchasing an additional 263,994 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Workday by 37.4% during the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after buying an additional 1,406,153 shares during the period. Polen Capital Management LLC lifted its holdings in Workday by 2.0% in the third quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock valued at $848,726,000 after acquiring an additional 78,352 shares during the last quarter. Morgan Stanley grew its position in Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after acquiring an additional 872,288 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Workday by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 2,629,780 shares of the software maker’s stock worth $564,976,000 after acquiring an additional 206,112 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

WDAY stock traded up $1.06 on Friday, reaching $247.02. The company had a trading volume of 414,600 shares, compared to its average volume of 1,826,820. The company’s fifty day moving average is $264.13 and its 200 day moving average is $265.81. The company has a market cap of $65.21 billion, a P/E ratio of 48.03, a PEG ratio of 6.39 and a beta of 1.33. 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, Inc. has a 1 year low of $174.70 and a 1 year high of $311.28.

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

Insider Activity at Workday

In other news, insider Richard Harry Sauer sold 8,447 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the completion of the transaction, the insider now directly owns 66,356 shares in the company, valued at approximately $17,797,342.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the completion of the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The disclosure for this sale can be found here. In the last three months, insiders sold 435,691 shares of company stock valued at $117,731,569. Corporate insiders own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Mizuho boosted their price target on shares of Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. BMO Capital Markets raised their price objective on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. KeyCorp upped their target price on shares of Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Finally, Morgan Stanley decreased their price target on shares of Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. One investment 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

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.