Workday, Inc. (NASDAQ:WDAY) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lessened its stake in Workday, Inc. (NASDAQ:WDAY – Get Rating) by 11.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,810 shares of the software maker’s stock after selling 491 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Workday were worth $638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elequin Securities LLC purchased a new stake in Workday in the 4th quarter worth $27,000. Guardian Wealth Advisors LLC purchased a new stake in Workday in the 3rd quarter worth $29,000. TCI Wealth Advisors Inc. increased its holdings in Workday by 1,168.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 241 shares of the software maker’s stock worth $40,000 after acquiring an additional 222 shares in the last quarter. CI Investments Inc. increased its holdings in Workday by 975.0% in the 3rd quarter. CI Investments Inc. now owns 258 shares of the software maker’s stock worth $39,000 after acquiring an additional 234 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Workday in the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 66.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WDAY shares. Morgan Stanley boosted their price target on shares of Workday from $230.00 to $250.00 in a report on Friday. KeyCorp boosted their price target on shares of Workday from $195.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Workday from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, February 28th. JMP Securities upped their target price on shares of Workday from $210.00 to $252.00 in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of Workday from $250.00 to $260.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $218.64.

Insider Transactions at Workday

In other news, CEO Aneel Bhusri sold 11,734 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $196.37, for a total transaction of $2,304,205.58. Following the sale, the chief executive officer now owns 403,988 shares of the company’s stock, valued at $79,331,123.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Aneel Bhusri sold 11,734 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $196.37, for a total transaction of $2,304,205.58. Following the sale, the chief executive officer now owns 403,988 shares of the company’s stock, valued at $79,331,123.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barbara A. Larson sold 7,059 shares of the stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $196.37, for a total transaction of $1,386,175.83. Following the sale, the chief financial officer now directly owns 67,881 shares in the company, valued at approximately $13,329,791.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,469 shares of company stock valued at $8,469,440. 21.09% of the stock is currently owned by corporate insiders.

Workday Trading Up 0.1 %

NASDAQ WDAY opened at $196.41 on Friday. The stock has a market capitalization of $50.87 billion, a P/E ratio of -136.40, a PEG ratio of 17.02 and a beta of 1.28. Workday, Inc. has a 12 month low of $128.72 and a 12 month high of $206.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.75 and a quick ratio of 1.75. The firm’s 50-day moving average is $186.71 and its two-hundred day moving average is $188.11.

Workday (NASDAQ:WDAY – Get Rating) last issued its quarterly earnings results on Thursday, May 25th. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.19. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Workday had a negative net margin of 5.90% and a negative return on equity of 1.96%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, sell-side analysts anticipate that Workday, Inc. will post 0.45 earnings per share for the current year.

About Workday

(Get Rating)

Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.