Dohj LLC Sells 3,059 Shares of Workday, Inc. (NASDAQ:WDAY)

Dohj LLC cut its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 62.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,804 shares of the software maker’s stock after selling 3,059 shares during the quarter. Dohj LLC’s holdings in Workday were worth $465,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Crews Bank & Trust bought a new position in shares of Workday during the 4th quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in Workday in the 3rd quarter valued at about $26,000. Meeder Asset Management Inc. raised its stake in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares during the period. True Wealth Design LLC boosted its holdings in Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after acquiring an additional 143 shares in the last quarter. Finally, New Millennium Group LLC grew its stake in Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after acquiring an additional 94 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

Shares of NASDAQ WDAY opened at $262.06 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $261.07 and a two-hundred day simple moving average of $248.88. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The firm has a market cap of $69.71 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 4.79 and a beta of 1.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the transaction, the insider now directly owns 284,000 shares of the company’s stock, valued at $78,188,040. The trade was a 16.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and increased their target price for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Barclays reduced their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Bank of America lowered their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Scotiabank started coverage on Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target for the company. Finally, Morgan Stanley increased their price objective on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.25.

Workday 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.