Workday, Inc. (NASDAQ:WDAY) Shares Sold by Ceera Investments LLC

Ceera Investments LLC reduced its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,997 shares of the software maker’s stock after selling 295 shares during the period. Workday accounts for about 1.6% of Ceera Investments LLC’s investment portfolio, making the stock its 23rd largest position. Ceera Investments LLC’s holdings in Workday were worth $4,154,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WDAY. Capital Performance Advisors LLP acquired a new stake in shares of Workday during the 3rd quarter worth about $26,000. Crewe Advisors LLC purchased a new position in shares of Workday during the 1st quarter worth about $27,000. SouthState Corp lifted its holdings in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after acquiring an additional 129 shares during the period. Goodman Advisory Group LLC purchased a new position in shares of Workday during the 2nd quarter worth about $35,000. Finally, Asset Dedication LLC purchased a new position in shares of Workday during the 2nd quarter worth about $36,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This trade represents a 39.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock valued at $91,506,897 over the last three months. Insiders own 20.00% of the company’s stock.

Workday Stock Down 4.4 %

NASDAQ:WDAY opened at $259.41 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market cap of $68.74 billion, a PE ratio of 45.19, a PEG ratio of 5.15 and a beta of 1.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The stock has a 50-day simple moving average of $246.74 and a 200 day simple moving average of $236.54.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results 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 firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. On average, sell-side analysts expect that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Friday, September 13th. Barclays raised their price target on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Morgan Stanley dropped their price objective on shares of Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. Finally, DA Davidson lifted their price objective on shares of Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $287.59.

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.