Workday, Inc. (NASDAQ:WDAY) Shares Sold by Clarity Wealth Advisors LLC

Clarity Wealth Advisors LLC lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,815 shares of the software maker’s stock after selling 41 shares during the period. Clarity Wealth Advisors LLC’s holdings in Workday were worth $444,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American International Group Inc. grew its holdings in shares of Workday by 3.0% in the fourth quarter. American International Group Inc. now owns 14,523 shares of the software maker’s stock valued at $4,009,000 after purchasing an additional 420 shares during the period. GAMMA Investing LLC grew its stake in shares of Workday by 38.1% in the 1st quarter. GAMMA Investing LLC now owns 634 shares of the software maker’s stock valued at $173,000 after buying an additional 175 shares during the period. Mather Group LLC. acquired a new stake in shares of Workday during the 1st quarter worth approximately $74,000. Wedmont Private Capital raised its position in shares of Workday by 8.3% during the 1st quarter. Wedmont Private Capital now owns 1,095 shares of the software maker’s stock valued at $297,000 after buying an additional 84 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in Workday by 21.4% in the first quarter. Park Avenue Securities LLC now owns 6,628 shares of the software maker’s stock valued at $1,808,000 after acquiring an additional 1,169 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $1.22 during trading hours on Friday, reaching $244.48. The stock had a trading volume of 955,750 shares, compared to its average volume of 2,148,866. The firm has a 50-day moving average of $245.21 and a 200-day moving average of $238.24. The firm has a market cap of $64.79 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 4.81 and a beta of 1.35. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. Equities research analysts predict that Workday, Inc. will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WDAY. Morgan Stanley cut their target price on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Bank of America increased their target price on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Friday, September 13th. Finally, Citigroup decreased their price objective on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $287.04.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 over the last quarter. 20.00% of the stock is currently owned by 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.