Workday, Inc. (NASDAQ:WDAY) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 10.2% in the 1st quarter, HoldingsChannel reports. The fund owned 2,699 shares of the software maker’s stock after selling 305 shares during the period. EP Wealth Advisors LLC’s holdings in Workday were worth $736,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Crewe Advisors LLC purchased a new stake in Workday during the first quarter valued at about $27,000. Sound Income Strategies LLC lifted its stake in shares of Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Workday during the 4th quarter worth about $33,000. Friedenthal Financial acquired a new stake in Workday during the 4th quarter worth approximately $43,000. Finally, VisionPoint Advisory Group LLC raised its holdings in Workday by 27.6% in the fourth quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock valued at $43,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the completion of the transaction, the insider now directly owns 562,000 shares of the company’s stock, valued at approximately $128,877,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $226.67, for a total transaction of $710,383.78. Following the transaction, the insider now directly owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the sale, the insider now owns 562,000 shares in the company, valued at $128,877,840. The disclosure for this sale can be found here. Over the last three months, insiders have sold 524,672 shares of company stock worth $115,938,834. 20.00% of the stock is owned by insiders.

Analysts Set New Price Targets

WDAY has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $350.00 target price on shares of Workday in a report on Friday, May 24th. Sanford C. Bernstein reduced their price objective on Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. TD Cowen lowered their target price on Workday from $330.00 to $290.00 and set a “buy” rating for the company in a research note on Friday, May 24th. JPMorgan Chase & Co. decreased their price target on Workday from $300.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, May 24th. Finally, Mizuho lowered their price objective on shares of Workday from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $281.44.

Workday Stock Performance

WDAY traded up $1.56 on Friday, hitting $228.64. 995,826 shares of the company’s stock were exchanged, compared to its average volume of 2,180,215. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $223.74 and a two-hundred day moving average of $257.45. Workday, Inc. has a twelve month low of $202.01 and a twelve month high of $311.28. The firm has a market cap of $60.59 billion, a PE ratio of 41.26, a P/E/G ratio of 5.56 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the prior year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. On average, research analysts anticipate that Workday, Inc. will post 2.12 earnings per share for the current fiscal year.

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.