Workday, Inc. (NASDAQ:WDAY) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its stake in Workday, Inc. (NASDAQ:WDAY) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,867 shares of the software maker’s stock after selling 67 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Workday were worth $1,068,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Beacon Capital Management LLC lifted its holdings in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after purchasing an additional 70 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Workday in the 1st quarter valued at about $25,000. VisionPoint Advisory Group LLC lifted its holdings in Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares during the last quarter. Clear Street Markets LLC acquired a new stake in Workday in the 3rd quarter valued at about $29,000. Finally, Quarry LP acquired a new stake in Workday in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 65,524 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $265.66, for a total value of $17,407,105.84. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $27,362,183.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the completion of the transaction, the insider now directly owns 1,011,000 shares in the company, valued at $279,996,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 65,524 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $265.66, for a total value of $17,407,105.84. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,362,183.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 463,484 shares of company stock worth $126,630,341. 21.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WDAY shares. UBS Group cut their price target on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Barclays cut their price objective on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. KeyCorp boosted their price objective on Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Evercore ISI boosted their price objective on Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Finally, DA Davidson restated a “neutral” rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $293.61.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $273.62 on Thursday. The business has a fifty day simple moving average of $287.67 and a 200 day simple moving average of $258.61. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $72.24 billion, a price-to-earnings ratio of 53.13, a PEG ratio of 6.93 and a beta of 1.33. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. Workday’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.14) earnings per share. Sell-side analysts expect that Workday, Inc. will post 1.76 EPS for the current 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.