Beck Bode LLC Decreases Stock Position in Workday, Inc. (NASDAQ:WDAY)

Beck Bode LLC reduced its position in Workday, Inc. (NASDAQ:WDAY) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,729 shares of the software maker’s stock after selling 424 shares during the quarter. Workday makes up about 1.2% of Beck Bode LLC’s holdings, making the stock its 27th largest position. Beck Bode LLC’s holdings in Workday were worth $5,447,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Hartford Funds Management Co LLC increased its position in Workday by 7.6% in the fourth quarter. Hartford Funds Management Co LLC now owns 1,809 shares of the software maker’s stock worth $499,000 after buying an additional 127 shares during the last quarter. Savant Capital LLC purchased a new position in shares of Workday in the fourth quarter valued at $743,000. Brighton Jones LLC purchased a new position in shares of Workday in the fourth quarter valued at $266,000. Mission Wealth Management LP grew its position in shares of Workday by 3.8% in the fourth quarter. Mission Wealth Management LP now owns 6,848 shares of the software maker’s stock valued at $1,890,000 after purchasing an additional 251 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in shares of Workday by 20.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,229 shares of the software maker’s stock valued at $615,000 after purchasing an additional 374 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 165,932 shares in the company, valued at approximately $48,749,162.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. 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 90 days. Insiders own 21.09% of the company’s stock.

Workday Trading Down 1.6 %

Shares of NASDAQ WDAY traded down $4.04 during midday trading on Tuesday, reaching $244.73. The company had a trading volume of 2,674,113 shares, compared to its average volume of 1,776,761. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $271.27 and its 200-day moving average price is $264.80. The stock has a market cap of $64.61 billion, a PE ratio of 47.52, a price-to-earnings-growth ratio of 6.27 and a beta of 1.32.

Workday (NASDAQ:WDAY) last released its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the company posted ($0.14) EPS. Workday’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

WDAY has been the subject of several recent research reports. Stifel Nicolaus lifted their price target on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. DA Davidson reiterated a “neutral” rating and issued a $300.00 price target on shares of Workday in a research report on Tuesday, February 27th. Piper Sandler restated an “overweight” rating and set a $330.00 target price on shares of Workday in a research report on Monday, February 26th. JPMorgan Chase & Co. boosted their target price on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group boosted 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. One 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.com, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $293.61.

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.