Workday, Inc. (NASDAQ:WDAY) Shares Sold by Whittier Trust Co.

Whittier Trust Co. reduced its position in shares of Workday, Inc. (NASDAQ:WDAY) by 15.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,980 shares of the software maker’s stock after selling 367 shares during the period. Whittier Trust Co.’s holdings in Workday were worth $484,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after buying an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP lifted its holdings in Workday by 9.7% in the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after acquiring an additional 301,463 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Workday by 12.4% in the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after acquiring an additional 281,207 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Workday by 79.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after purchasing an additional 1,016,394 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Workday by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after purchasing an additional 118,180 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

NASDAQ WDAY opened at $242.04 on Thursday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The stock’s 50-day moving average price is $246.87 and its two-hundred day moving average price is $237.49. The company has a market cap of $64.14 billion, a PE ratio of 43.61, a PEG ratio of 4.85 and a beta of 1.35. 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 issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that Workday, Inc. will post 2.4 EPS for the current year.

Insider Activity

In related news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the transaction, the insider now directly owns 196,344 shares of the company’s stock, valued at approximately $51,106,379.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $26,902,816.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the completion of the transaction, the insider now directly owns 196,344 shares in the company, valued at $51,106,379.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on WDAY shares. Evercore ISI lowered their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Friday, September 13th. Morgan Stanley reduced their target price on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, August 23rd. DA Davidson upped their target price on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, The Goldman Sachs Group boosted their price objective on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $287.04.

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.