Workday, Inc. (NASDAQ:WDAY) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC lowered its stake in Workday, Inc. (NASDAQ:WDAY) by 6.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,098 shares of the software maker’s stock after selling 432 shares during the period. Metis Global Partners LLC’s holdings in Workday were worth $1,490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of WDAY. Dorsey & Whitney Trust CO LLC lifted its stake in Workday by 4.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock worth $281,000 after acquiring an additional 43 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Workday by 1.0% during the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock worth $1,080,000 after buying an additional 47 shares during the last quarter. Opal Wealth Advisors LLC boosted its holdings in Workday by 5.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock valued at $231,000 after purchasing an additional 47 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in shares of Workday by 3.4% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after buying an additional 48 shares during the period. Finally, Aspen Investment Management Inc lifted its position in shares of Workday by 3.1% in the 2nd quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock worth $369,000 after acquiring an additional 50 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now directly owns 8,674 shares in the company, valued at $2,097,806.90. The trade was a 17.41 % decrease in their position. 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 56,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares in the company, valued at $68,004,810. This represents a 16.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 in the last 90 days. 20.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on WDAY. KeyCorp lifted their target price on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Piper Sandler restated an “overweight” rating and issued a $285.00 target price on shares of Workday in a research note on Wednesday, September 18th. Loop Capital boosted their price objective on shares of Workday from $255.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, Citigroup cut their price target on Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.59.

Workday Stock Performance

Shares of WDAY opened at $259.41 on Friday. The stock has a market capitalization of $68.74 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 5.39 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The firm has a fifty day simple moving average of $246.74 and a 200 day simple moving average of $236.60. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the company earned $0.40 EPS. Workday’s revenue for the quarter was up 16.5% compared to the same quarter last year. Research analysts forecast that Workday, Inc. will post 2.4 EPS for the current fiscal year.

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.