Resolute Wealth Strategies LLC Sells 200 Shares of Workday, Inc. (NASDAQ:WDAY)

Resolute Wealth Strategies LLC lowered its position in shares of Workday, Inc. (NASDAQ:WDAY) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,739 shares of the software maker’s stock after selling 200 shares during the period. Resolute Wealth Strategies LLC’s holdings in Workday were worth $756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Financial Advisors Inc. purchased a new position in shares of Workday during the 4th quarter valued at about $237,000. Axxcess Wealth Management LLC bought a new stake in shares of Workday in the 4th quarter worth approximately $219,000. Sapient Capital LLC purchased a new stake in shares of Workday in the 4th quarter valued at $15,200,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Workday by 3,416.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,090 shares of the software maker’s stock valued at $301,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Westover Capital Advisors LLC grew its holdings in shares of Workday by 5.4% during the 4th quarter. Westover Capital Advisors LLC now owns 2,669 shares of the software maker’s stock valued at $737,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Trading Up 2.0 %

WDAY traded up $4.93 during trading on Friday, reaching $255.78. The company had a trading volume of 3,072,637 shares, compared to its average volume of 1,740,171. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 52 week low of $174.25 and a 52 week high of $311.28. The stock has a market cap of $67.53 billion, a P/E ratio of 49.67, a PEG ratio of 6.39 and a beta of 1.33. The business has a 50 day simple moving average of $268.07 and a 200-day simple moving average of $264.85.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the firm posted ($0.14) EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts anticipate that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on WDAY shares. Wells Fargo & Company upped their price target on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Stifel Nicolaus boosted their price target on shares of Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Workday in a research report on Tuesday, February 27th. The Goldman Sachs Group increased their target price on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Morgan Stanley dropped their price target on shares of Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Insider Activity

In other news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now owns 165,932 shares in the company, valued at $48,749,162.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the transaction, the insider now owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,691 shares of company stock valued at $117,731,569. 21.09% of the stock is currently owned by company insiders.

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.