Ronald Blue Trust Inc. lowered its holdings in Workday, Inc. (NASDAQ:WDAY – Free Report) by 84.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191 shares of the software maker’s stock after selling 1,029 shares during the period. Ronald Blue Trust Inc.’s holdings in Workday were worth $39,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Atticus Wealth Management LLC purchased a new position in shares of Workday in the first quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Workday in the first quarter worth approximately $25,000. West Oak Capital LLC purchased a new position in shares of Workday in the first quarter worth approximately $29,000. Valley National Advisers Inc. increased its position in shares of Workday by 83.7% in the first quarter. Valley National Advisers Inc. now owns 158 shares of the software maker’s stock worth $30,000 after acquiring an additional 72 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in shares of Workday in the first quarter worth approximately $34,000. Institutional investors and hedge funds own 68.46% of the company’s stock.
Insider Buying and Selling
In other Workday news, CEO Aneel Bhusri sold 3,869 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $221.43, for a total value of $856,712.67. Following the sale, the chief executive officer now owns 553,893 shares of the company’s stock, valued at approximately $122,648,526.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Aneel Bhusri sold 3,869 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $221.43, for a total value of $856,712.67. Following the completion of the transaction, the chief executive officer now owns 553,893 shares in the company, valued at approximately $122,648,526.99. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 108,333 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $250.58, for a total transaction of $27,146,083.14. Following the completion of the transaction, the insider now owns 108,333 shares of the company’s stock, valued at approximately $27,146,083.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 126,476 shares of company stock valued at $31,321,443. 21.09% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Workday
Workday Trading Up 1.7 %
Shares of WDAY stock opened at $214.85 on Friday. Workday, Inc. has a 1 year low of $128.72 and a 1 year high of $252.72. The firm’s fifty day simple moving average is $234.59 and its 200 day simple moving average is $213.54. The firm has a market capitalization of $56.29 billion, a P/E ratio of -447.60, a price-to-earnings-growth ratio of 8.32 and a beta of 1.23. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47.
Workday (NASDAQ:WDAY – Get Free Report) last announced its earnings results on Thursday, August 24th. The software maker reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.17. Workday had a negative net margin of 1.81% and a positive return on equity of 2.09%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. Workday’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that Workday, Inc. will post 1 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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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.
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