FDx Advisors Inc. Sells 184 Shares of Workday, Inc. (NASDAQ:WDAY)

FDx Advisors Inc. reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 875 shares of the software maker’s stock after selling 184 shares during the period. FDx Advisors Inc.’s holdings in Workday were worth $226,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WDAY. Roxbury Financial LLC acquired a new stake in shares of Workday in the 4th quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in Workday in the third quarter worth approximately $26,000. Crews Bank & Trust acquired a new stake in Workday in the fourth quarter valued at approximately $26,000. Avion Wealth increased its holdings in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Workday by 42.2% during 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 period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the sale, the insider now owns 284,000 shares in the company, valued at approximately $78,188,040. The trade was a 16.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and lifted their price objective for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Barclays cut their price target on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Finally, Piper Sandler reissued a “neutral” rating and set a $270.00 price objective (down from $285.00) on shares of Workday in a report on Wednesday, November 27th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $291.11.

Workday Stock Performance

NASDAQ:WDAY opened at $256.39 on Friday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day simple moving average of $260.75 and a two-hundred day simple moving average of $252.87. The company has a market capitalization of $68.20 billion, a P/E ratio of 42.52, a P/E/G ratio of 3.56 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for 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%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

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.