Bray Capital Advisors Decreases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Bray Capital Advisors decreased its position in Workday, Inc. (NASDAQ:WDAY) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,328 shares of the software maker’s stock after selling 61 shares during the quarter. Bray Capital Advisors’ holdings in Workday were worth $3,127,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of WDAY. Beacon Capital Management LLC increased its position in shares of Workday by 333.3% during the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after buying an additional 70 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Workday during the first quarter valued at about $25,000. VisionPoint Advisory Group LLC increased its position in shares of Workday by 215.4% during the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after buying an additional 84 shares during the period. Clear Street Markets LLC purchased a new position in shares of Workday during the third quarter valued at about $29,000. Finally, Quarry LP purchased a new position in shares of Workday during the second quarter valued at about $29,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $27,690,743.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas A. Robinson sold 411 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The disclosure for this sale can be found here. Insiders sold 379,691 shares of company stock worth $102,897,729 over the last 90 days. 21.09% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. Needham & Company LLC upped their price objective on shares of Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Guggenheim restated a “sell” rating and issued a $190.00 price objective on shares of Workday in a report on Tuesday, February 27th. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Tuesday, February 27th. Finally, KeyCorp upped their price objective on shares of Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $263.69 on Friday. The firm has a fifty day moving average price of $282.11 and a 200-day moving average price of $261.21. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $69.61 billion, a PE ratio of 51.20, a price-to-earnings-growth ratio of 6.59 and a beta of 1.32. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share. Equities analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current fiscal 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.