Sirios Capital Management L P Sells 411 Shares of Workday, Inc. (NASDAQ:WDAY)

Sirios Capital Management L P trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,432 shares of the software maker’s stock after selling 411 shares during the period. Sirios Capital Management L P’s holdings in Workday were worth $3,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC increased its stake in shares of Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after purchasing an additional 37 shares during the last quarter. Marcum Wealth LLC raised its stake in Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after buying an additional 41 shares during the period. Custom Index Systems LLC lifted its position in shares of Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after buying an additional 41 shares during the last quarter. AllSquare Wealth Management LLC boosted its stake in shares of Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock worth $65,000 after acquiring an additional 41 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in shares of Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock worth $745,000 after acquiring an additional 43 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Price Performance

Shares of WDAY opened at $220.99 on Wednesday. The business has a 50-day simple moving average of $242.34 and a two-hundred day simple moving average of $251.95. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The stock has a market cap of $58.78 billion, a PE ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 497 shares of the company’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 321,724 shares of company stock worth $77,976,126. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WDAY shares. Mizuho cut their price target on Workday from $320.00 to $275.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Canaccord Genuity Group lifted their target price on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Daiwa America upgraded shares of Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. KeyCorp boosted their price objective on Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average price target of $295.00.

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.