Workday, Inc. (NASDAQ:WDAY) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,234 shares of the software maker’s stock after selling 5,076 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Workday were worth $38,679,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC raised its stake in shares of Workday by 3,717.9% during the 2nd quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock worth $721,000 after buying an additional 3,123 shares in the last quarter. Grafton Street Partners Fund LP purchased a new position in Workday in the third quarter worth $4,424,000. ICICI Prudential Asset Management Co Ltd raised its position in Workday by 32.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock worth $7,791,000 after acquiring an additional 7,802 shares in the last quarter. Legal & General Group Plc lifted its holdings in Workday by 7.4% in the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock valued at $384,518,000 after acquiring an additional 118,180 shares during the period. Finally, Atria Investments Inc grew its stake in shares of Workday by 19.3% during the 3rd quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock worth $10,833,000 after purchasing an additional 7,175 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s 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 transaction, the director now owns 8,674 shares in the company, valued at $2,097,806.90. The trade was a 17.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. The trade was a 16.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 359,954 shares of company stock worth $88,742,132. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” 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. Morgan Stanley lifted their price objective on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America lowered their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, KeyCorp lifted their price target on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $288.14.

Workday Stock Performance

NASDAQ WDAY opened at $249.99 on Friday. The business’s 50-day simple moving average is $248.77 and its 200-day simple moving average is $237.46. The firm has a market capitalization of $66.25 billion, a P/E ratio of 41.46, a P/E/G ratio of 5.03 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.21%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities analysts predict that Workday, Inc. will post 2.4 EPS for the current year.

About Workday

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.