Workday, Inc. (NASDAQ:WDAY) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 75.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,587 shares of the software maker’s stock after selling 4,850 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Workday were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Workday by 47.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,021 shares of the software maker’s stock valued at $250,000 after buying an additional 327 shares during the period. CWM LLC grew its position in Workday by 24.8% in the third quarter. CWM LLC now owns 7,800 shares of the software maker’s stock worth $1,907,000 after acquiring an additional 1,549 shares during the period. Marcum Wealth LLC purchased a new position in Workday in the third quarter worth approximately $226,000. Wedmont Private Capital raised its position in Workday by 5.4% in the third quarter. Wedmont Private Capital now owns 1,171 shares of the software maker’s stock valued at $276,000 after purchasing an additional 60 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Workday by 6.0% in the 3rd quarter. UMB Bank n.a. now owns 956 shares of the software maker’s stock valued at $234,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now directly owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 over the last 90 days. Corporate insiders own 20.00% of the company’s stock.

Workday Trading Down 2.1 %

NASDAQ:WDAY opened at $271.89 on Friday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The stock has a market cap of $72.32 billion, a P/E ratio of 45.09, a P/E/G ratio of 4.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a 50-day simple moving average of $261.64 and a 200-day simple moving average of $249.91.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WDAY shares. JMP Securities reissued a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Thursday. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Guggenheim upgraded shares of Workday from a “sell” rating to a “neutral” rating in a report on Monday, January 6th. Morgan Stanley lifted their target price on shares of Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Piper Sandler restated a “neutral” rating and set a $270.00 price target (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $292.43.

About Workday

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.