Beck Bode LLC Sells 424 Shares of Workday, Inc. (NASDAQ:WDAY)

Beck Bode LLC decreased its position in Workday, Inc. (NASDAQ:WDAY) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,729 shares of the software maker’s stock after selling 424 shares during the quarter. Workday comprises 1.2% of Beck Bode LLC’s investment portfolio, making the stock its 27th largest holding. Beck Bode LLC’s holdings in Workday were worth $5,447,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Beacon Capital Management LLC grew its stake in shares of Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC grew its holdings in Workday by 215.4% during the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. Clear Street Markets LLC acquired a new position in Workday during the third quarter valued at approximately $29,000. Exchange Traded Concepts LLC grew its holdings in Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after purchasing an additional 105 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in Workday during the fourth quarter valued at approximately $33,000. Institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by company insiders.

Workday Price Performance

Shares of NASDAQ:WDAY traded down $4.04 during midday trading on Tuesday, reaching $244.73. The company’s stock had a trading volume of 2,674,113 shares, compared to its average volume of 1,776,761. Workday, Inc. has a fifty-two week low of $174.25 and a fifty-two week high of $311.28. The company has a market capitalization of $64.61 billion, a P/E ratio of 47.52, a P/E/G ratio of 6.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The business’s fifty day simple moving average is $271.27 and its 200-day simple moving average is $264.80.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm 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%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. As a group, equities research analysts expect that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Mizuho increased their price target on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. DA Davidson restated a “neutral” rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Wells Fargo & Company raised their price objective on shares of Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Citigroup raised their price objective on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $293.61.

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.