Y.D. More Investments Ltd Sells 830 Shares of Workday, Inc. (NASDAQ:WDAY)

Y.D. More Investments Ltd lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 16.1% in the fourth quarter, HoldingsChannel reports. The firm owned 4,328 shares of the software maker’s stock after selling 830 shares during the period. Y.D. More Investments Ltd’s holdings in Workday were worth $1,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Beacon Capital Management LLC grew its stake in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after acquiring an additional 70 shares during the period. VisionPoint Advisory Group LLC increased its stake in shares of Workday by 215.4% during the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares during the period. Clear Street Markets LLC bought a new position in shares of Workday during the third quarter worth approximately $29,000. Exchange Traded Concepts LLC increased its stake in shares of Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after purchasing an additional 105 shares during the period. Finally, CVA Family Office LLC bought a new position in shares of Workday during the fourth quarter worth approximately $33,000. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Workday stock traded up $0.23 during trading hours on Wednesday, hitting $244.96. 2,560,370 shares of the stock traded hands, compared to its average volume of 1,785,887. 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 firm’s 50 day moving average price is $271.27 and its 200-day moving average price is $264.80. The stock has a market capitalization of $64.67 billion, a price-to-earnings ratio of 47.52, a P/E/G ratio of 6.21 and a beta of 1.32. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WDAY shares. Citigroup raised their price objective on Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 target price on shares of Workday in a research report on Tuesday, February 27th. Morgan Stanley lowered their price target on shares of Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a report on Tuesday, February 27th. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Insider Activity

In related news, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction 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 completion of the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction 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 completion of the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock valued at $117,731,569 in the last three months. 21.09% of the stock is currently owned by company insiders.

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.