TD Private Client Wealth LLC Sells 2,821 Shares of Workday, Inc. $WDAY

TD Private Client Wealth LLC cut its stake in Workday, Inc. (NASDAQ:WDAY) by 72.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,048 shares of the software maker’s stock after selling 2,821 shares during the quarter. TD Private Client Wealth LLC’s holdings in Workday were worth $252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares in the last quarter. Empowered Funds LLC raised its stake in Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after buying an additional 1,206 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after acquiring an additional 127 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in Workday by 44.8% in the second quarter. Pallas Capital Advisors LLC now owns 3,460 shares of the software maker’s stock valued at $830,000 after acquiring an additional 1,071 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in shares of Workday in the second quarter worth about $281,000. Institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In other Workday news, insider Robert Enslin sold 22,185 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the transaction, the insider owned 106,330 shares of the company’s stock, valued at $22,347,376.10. The trade was a 17.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the sale, the insider directly owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 370,321 shares of company stock valued at $78,866,401. 19.31% of the stock is owned by insiders.

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. The Goldman Sachs Group assumed coverage on shares of Workday in a research note on Monday, January 12th. They issued a “neutral” rating and a $238.00 price target on the stock. Loop Capital set a $280.00 price objective on shares of Workday in a research report on Wednesday, December 10th. Wells Fargo & Company dropped their price objective on shares of Workday from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Citigroup reduced their target price on shares of Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.09.

Workday Stock Down 3.0%

Workday stock opened at $186.86 on Friday. The company has a market cap of $49.14 billion, a P/E ratio of 78.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. Workday, Inc. has a 1-year low of $185.60 and a 1-year high of $283.68. The company has a fifty day simple moving average of $216.41 and a 200 day simple moving average of $226.95. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping the consensus estimate of $2.17 by $0.15. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 EPS. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.