Workday, Inc. $WDAY Position Reduced by Polen Capital Management LLC

Polen Capital Management LLC decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 99.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,782 shares of the software maker’s stock after selling 1,851,489 shares during the quarter. Polen Capital Management LLC’s holdings in Workday were worth $2,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Brighton Jones LLC increased its holdings in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Workday by 12.1% in the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after buying an additional 1,206 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after buying an additional 127 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Workday in the second quarter valued at $281,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Workday by 32.0% in the second quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock valued at $1,583,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Trading Down 5.0%

NASDAQ WDAY opened at $130.53 on Friday. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $253.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $32.24 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.46 and a beta of 1.09. The firm’s 50 day moving average price is $128.07 and its two-hundred day moving average price is $160.22.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company posted $2.23 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 5.4 EPS for the current year.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total transaction of $13,949,200.00. Following the transaction, the insider directly owned 105,049 shares in the company, valued at approximately $13,631,158.24. The trade was a 50.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,373 shares of Workday stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $129.41, for a total transaction of $695,319.93. Following the transaction, the insider owned 165,414 shares in the company, valued at approximately $21,406,225.74. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 774,814 shares of company stock valued at $102,709,316. 18.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WDAY has been the topic of several research reports. BTIG Research reaffirmed a “buy” rating and issued a $175.00 price target on shares of Workday in a report on Monday, May 18th. KeyCorp upped their price target on Workday from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Guggenheim dropped their price target on Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Workday in a report on Friday, May 22nd. Finally, TD Cowen reaffirmed a “hold” rating on shares of Workday in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $185.03.

Workday 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.