Kampmann Melissa S. Decreases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Kampmann Melissa S. lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,095 shares of the software maker’s stock after selling 205 shares during the quarter. Workday makes up about 2.6% of Kampmann Melissa S.’s portfolio, making the stock its 17th biggest holding. Kampmann Melissa S.’s holdings in Workday were worth $3,689,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Workday by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after acquiring an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP grew its holdings in shares of Workday by 9.7% during the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after buying an additional 301,463 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Workday by 12.4% in the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after buying an additional 281,207 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Workday by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after buying an additional 1,016,394 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after acquiring an additional 118,180 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Trading Down 0.6 %

NASDAQ:WDAY opened at $256.54 on Friday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a market cap of $67.98 billion, a PE ratio of 44.69, a price-to-earnings-growth ratio of 5.09 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. The stock has a fifty day moving average price of $245.75 and a 200 day moving average price of $236.07.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the company earned $0.40 EPS. Workday’s revenue for the quarter was up 16.5% compared to the same quarter last year. Sell-side analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on WDAY shares. Morgan Stanley decreased their target price 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. Stifel Nicolaus lifted their price objective on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. BMO Capital Markets restated an “outperform” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, September 18th. Needham & Company LLC reduced their price target on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Citigroup dropped their price objective on shares of Workday from $274.00 to $270.00 and set a “neutral” rating for the company 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 assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $287.04.

Insider Buying and Selling

In other news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the sale, the insider now directly owns 196,344 shares in the company, valued at approximately $51,106,379.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the sale, the insider now owns 196,344 shares of the company’s stock, valued at approximately $51,106,379.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business’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 value of $13,552,560.00. Following the sale, the insider now owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock worth $91,506,897 over the last 90 days. 20.00% of the stock is owned by insiders.

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.