Workday, Inc. $WDAY Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 41.3% during the third quarter, Holdings Channel reports. The firm owned 383,051 shares of the software maker’s stock after selling 269,609 shares during the period. Workday comprises about 1.6% of Mondrian Investment Partners LTD’s holdings, making the stock its 23rd largest position. Mondrian Investment Partners LTD’s holdings in Workday were worth $72,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kintegral Advisory LLC lifted its holdings in shares of Workday by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 10,893 shares of the software maker’s stock worth $2,075,000 after purchasing an additional 61 shares during the last quarter. CoreCap Advisors LLC grew its stake in Workday by 55.9% during the 3rd quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after buying an additional 62 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in Workday by 21.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 481 shares of the software maker’s stock worth $92,000 after buying an additional 86 shares during the last quarter. Baker Tilly Wealth Management LLC grew its stake in Workday by 5.5% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 1,791 shares of the software maker’s stock worth $341,000 after buying an additional 93 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Workday by 10.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,004 shares of the software maker’s stock worth $123,000 after buying an additional 96 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WDAY. Capital One Financial cut their target price on Workday from $203.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Morgan Stanley boosted their price target on shares of Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Jefferies Financial Group lowered their price target on shares of Workday from $220.00 to $210.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Dbs Bank raised shares of Workday to a “hold” rating in a report on Wednesday, September 9th. Finally, Mizuho set a $210.00 price objective on shares of Workday in a report on Wednesday, October 14th. Twenty-two analysts have rated the stock with a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $202.10.

Insider Transactions at Workday

In other news, major shareholder David Duffield sold 100,780 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $185.64, for a total value of $18,708,799.20. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $19,501,296.36. This represents a 48.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 988,104 shares of company stock worth $188,811,574. Insiders own 18.64% of the company’s stock.

Workday Stock Performance

Shares of WDAY stock opened at $209.99 on Friday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $247.10. The firm has a market capitalization of $50.61 billion, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 2.11 and a beta of 1.07. The business has a 50 day simple moving average of $193.30 and a 200 day simple moving average of $156.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $2.21 EPS. On average, equities research analysts anticipate that Workday, Inc. will post 5.32 EPS for the current year.

About Workday

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.