Workday, Inc. $WDAY Stock Holdings Cut by Gibbs Wealth Management

Gibbs Wealth Management cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,143 shares of the software maker’s stock after selling 3,565 shares during the quarter. Gibbs Wealth Management’s holdings in Workday were worth $997,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in shares of Workday during the 2nd quarter valued at $25,000. Berbice Capital Management LLC raised its position in shares of Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares during the last quarter. Root Financial Partners LLC purchased a new position in Workday in the 3rd quarter worth about $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Workday during the 2nd quarter worth about $41,000. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Rosenblatt Securities started coverage on shares of Workday in a report on Tuesday, December 2nd. They issued a “neutral” rating and a $235.00 target price for the company. Sanford C. Bernstein reduced their target price on Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Royal Bank Of Canada lowered their price target on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. TD Cowen reissued a “buy” rating on shares of Workday in a research report on Wednesday, November 26th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.09.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $210.00, for a total transaction of $656,250.00. Following the sale, the chief executive officer owned 17,097 shares of the company’s stock, valued at $3,590,370. This represents a 15.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the transaction, the insider directly owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. This represents a 5.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 370,321 shares of company stock valued at $78,866,401 over the last three months. Company insiders own 19.31% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $189.26 on Friday. The stock has a market capitalization of $49.78 billion, a P/E ratio of 79.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday, Inc. has a 1 year low of $180.56 and a 1 year high of $283.68. The firm has a 50 day moving average of $212.32 and a 200-day moving average of $225.15.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.