Appleton Partners Inc. MA Has $571,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Appleton Partners Inc. MA decreased its position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 12.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,094 shares of the software maker’s stock after selling 301 shares during the period. Appleton Partners Inc. MA’s holdings in Workday were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HighPoint Advisor Group LLC acquired a new stake in shares of Workday in the fourth quarter valued at approximately $826,000. Quadrature Capital Ltd acquired a new stake in shares of Workday in the fourth quarter valued at approximately $42,167,000. PNC Financial Services Group Inc. increased its holdings in shares of Workday by 55.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 25,720 shares of the software maker’s stock valued at $7,100,000 after purchasing an additional 9,126 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Workday in the fourth quarter valued at approximately $721,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Workday in the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WDAY. Citigroup lowered their price target on shares of Workday from $293.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 24th. DA Davidson lowered their target price on shares of Workday from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 24th. UBS Group lowered their target price on shares of Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Barclays lowered their target price on shares of Workday from $316.00 to $286.00 and set an “overweight” rating for the company in a report on Friday, May 24th. Finally, StockNews.com lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $283.96.

View Our Latest Stock Report on Workday

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 64,162 shares of Workday stock in a transaction on Monday, April 1st. The shares were sold at an average price of $271.67, for a total value of $17,430,890.54. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,981,194.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the transaction, the insider now directly owns 1,011,000 shares in the company, valued at approximately $279,996,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 64,162 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $271.67, for a total transaction of $17,430,890.54. Following the transaction, the insider now owns 102,997 shares in the company, valued at $27,981,194.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 448,713 shares of company stock worth $112,547,513. Insiders own 20.00% of the company’s stock.

Workday Stock Down 1.0 %

WDAY traded down $2.23 during trading on Tuesday, hitting $210.23. The company had a trading volume of 353,132 shares, compared to its average volume of 2,188,904. The company has a market capitalization of $55.71 billion, a PE ratio of 38.26, a PEG ratio of 6.28 and a beta of 1.33. Workday, Inc. has a one year low of $202.01 and a one year high of $311.28. The firm’s 50-day moving average price is $240.56 and its 200 day moving average price is $266.76. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAYGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business earned $0.16 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts expect that Workday, Inc. will post 1.78 earnings per share for the current year.

Workday Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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