Sentry Investment Management LLC Has $350,000 Holdings in Workday, Inc. (NASDAQ:WDAY)

Sentry Investment Management LLC trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY) by 17.0% during the second quarter, Holdings Channel.com reports. The firm owned 1,565 shares of the software maker’s stock after selling 321 shares during the period. Sentry Investment Management LLC’s holdings in Workday were worth $350,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Angeles Wealth Management LLC raised its holdings in Workday by 30.4% during the second quarter. Angeles Wealth Management LLC now owns 1,406 shares of the software maker’s stock worth $314,000 after buying an additional 328 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Workday by 125.7% during the second quarter. Headlands Technologies LLC now owns 29,738 shares of the software maker’s stock worth $6,648,000 after acquiring an additional 16,563 shares in the last quarter. Gryphon Financial Partners LLC bought a new stake in shares of Workday during the second quarter worth about $330,000. Malaga Cove Capital LLC raised its holdings in shares of Workday by 10.0% in the 2nd quarter. Malaga Cove Capital LLC now owns 3,721 shares of the software maker’s stock worth $832,000 after acquiring an additional 338 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Workday by 7.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 26,624 shares of the software maker’s stock valued at $5,952,000 after acquiring an additional 1,828 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WDAY has been the subject of a number of recent research reports. Robert W. Baird decreased their price objective on Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Citigroup lowered their price target on Workday from $293.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Sanford C. Bernstein cut their price objective on shares of Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Oppenheimer reduced their target price on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Finally, UBS Group dropped their price target on shares of Workday from $280.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.15.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $255.62 on Thursday. The company has a 50-day moving average price of $234.31 and a two-hundred day moving average price of $244.09. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $67.74 billion, a PE ratio of 46.06, a P/E/G ratio of 5.47 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Equities analysts forecast that Workday, Inc. will post 2.27 EPS for the current year.

Insider Activity

In related news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the sale, the insider now owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.29, for a total transaction of $812,365.09. Following the completion of the transaction, the insider now directly owns 196,344 shares in the company, valued at approximately $51,106,379.76. The transaction 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 stock in a transaction on Friday, June 14th. The stock was sold at an average price of $209.17, for a total value of $11,922,690.00. Following the completion of the sale, the insider now owns 786,000 shares in the company, valued at approximately $164,407,620. The disclosure for this sale can be found here. Over the last three months, insiders sold 523,402 shares of company stock worth $119,914,724. 20.00% of the stock is owned by corporate insiders.

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.