Workday, Inc. (NASDAQ:WDAY) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,730 shares of the software maker’s stock after selling 546 shares during the quarter. Kintegral Advisory LLC’s holdings in Workday were worth $3,027,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WDAY. VisionPoint Advisory Group LLC purchased a new stake in Workday during the 4th quarter worth $64,000. Paradigm Asset Management Co. LLC purchased a new stake in shares of Workday in the fourth quarter worth about $232,000. Cromwell Holdings LLC acquired a new stake in shares of Workday in the fourth quarter valued at about $51,000. First Bank & Trust raised its holdings in shares of Workday by 49.2% during the 4th quarter. First Bank & Trust now owns 6,029 shares of the software maker’s stock valued at $1,556,000 after buying an additional 1,989 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Workday by 14.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,157 shares of the software maker’s stock worth $557,000 after acquiring an additional 278 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock worth $113,142,592 in the last three months. 20.00% of the stock is owned by company insiders.

Workday Stock Performance

Shares of WDAY opened at $256.39 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The firm has a fifty day moving average of $260.75 and a 200-day moving average of $252.87. The company has a market cap of $68.20 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its earnings results 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 firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Workday’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WDAY shares. The Goldman Sachs Group lifted their price objective on shares of Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $330.00 to $275.00 in a research report on Wednesday. Barclays lowered their target price on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $291.11.

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.