Ownership Capital B.V. Sells 181,694 Shares of Workday, Inc. (NASDAQ:WDAY)

Ownership Capital B.V. reduced its holdings in Workday, Inc. (NASDAQ:WDAY) by 12.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,263,781 shares of the software maker’s stock after selling 181,694 shares during the quarter. Workday comprises 7.8% of Ownership Capital B.V.’s portfolio, making the stock its 3rd largest holding. Ownership Capital B.V.’s holdings in Workday were worth $348,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. ORG Partners LLC increased its position in Workday by 1.2% in the 4th quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock valued at $788,000 after acquiring an additional 34 shares during the period. Washington Trust Advisors Inc. increased its position in Workday by 8.1% in the 4th quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock valued at $133,000 after acquiring an additional 36 shares during the period. Meitav Investment House Ltd. increased its position in Workday by 2.6% in the 4th quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock valued at $387,000 after acquiring an additional 36 shares during the period. Cigna Investments Inc. New increased its position in Workday by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock valued at $598,000 after acquiring an additional 37 shares during the period. Finally, Waldron Private Wealth LLC increased its position in Workday by 0.9% in the 4th quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker’s stock valued at $1,294,000 after acquiring an additional 40 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Douglas A. Robinson sold 411 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the sale, the insider now directly owns 165,521 shares in the company, valued at $44,177,554.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Douglas A. Robinson sold 411 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the transaction, the insider now owns 165,521 shares in the company, valued at $44,177,554.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,691 shares of company stock worth $117,731,569. Corporate insiders own 21.09% of the company’s stock.

Workday Stock Down 1.2 %

Shares of Workday stock traded down $3.02 during midday trading on Friday, hitting $251.04. The company’s stock had a trading volume of 2,549,113 shares, compared to its average volume of 1,310,809. The firm has a market capitalization of $66.27 billion, a P/E ratio of 48.75, a PEG ratio of 6.35 and a beta of 1.32. The stock has a 50-day simple moving average of $273.49 and a 200-day simple moving average of $263.77. 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 1-year low of $174.25 and a 1-year high of $311.28.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays lowered their target price on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 27th. Guggenheim reaffirmed a “sell” rating and set a $190.00 price target on shares of Workday in a research note on Tuesday, February 27th. Evercore ISI increased their price target on Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Mizuho increased their price target on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, BMO Capital Markets increased their price target on Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price 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.