Abound Wealth Management trimmed its stake in Workday, Inc. (NASDAQ:WDAY – Free Report) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,320 shares of the software maker’s stock after selling 121 shares during the period. Abound Wealth Management’s holdings in Workday were worth $341,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of WDAY. Capital Performance Advisors LLP bought a new position in Workday during the third quarter valued at $26,000. Goodman Advisory Group LLC purchased a new stake in Workday in the 2nd quarter worth about $35,000. Meeder Asset Management Inc. lifted its stake in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares during the last quarter. New Millennium Group LLC boosted its position in shares of Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after buying an additional 94 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after buying an additional 143 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.
Insider Buying and Selling
In other news, major shareholder David A. Duffield sold 70,090 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the transaction, the insider now owns 102,997 shares in the company, valued at $26,215,826.41. This trade represents a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares of the company’s stock, valued at $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 382,347 shares of company stock valued at $99,225,903. Corporate insiders own 20.00% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Workday
Workday Stock Performance
WDAY traded down $4.04 during midday trading on Monday, hitting $245.67. 1,291,740 shares of the company were exchanged, compared to its average volume of 1,872,192. The firm has a market capitalization of $65.35 billion, a price-to-earnings ratio of 40.74, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. The company’s 50 day simple moving average is $262.56 and its 200 day simple moving average is $246.12. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.
Workday (NASDAQ:WDAY – Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. As a group, sell-side analysts predict that Workday, Inc. will post 2.58 earnings per share for the current year.
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.
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