Sirios Capital Management L P Sells 411 Shares of Workday, Inc. (NASDAQ:WDAY)

Sirios Capital Management L P reduced its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,432 shares of the software maker’s stock after selling 411 shares during the period. Sirios Capital Management L P’s holdings in Workday were worth $3,208,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WDAY. Roxbury Financial LLC bought a new stake in Workday in the 4th quarter valued at $25,000. Crews Bank & Trust bought a new stake in shares of Workday in the fourth quarter valued at about $26,000. Avion Wealth increased its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the period. TCTC Holdings LLC acquired a new position in Workday in the 4th quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. lifted its position in shares of Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after acquiring an additional 66 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

WDAY opened at $220.99 on Wednesday. The company has a fifty day simple moving average of $242.34 and a 200 day simple moving average of $251.95. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $58.78 billion, a P/E ratio of 36.65, a P/E/G ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. On average, research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In related news, CAO Mark S. Garfield sold 497 shares of the stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the sale, the chief executive officer now owns 10,847 shares in the company, valued at $2,544,814.67. The trade was a 22.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock worth $77,976,126 over the last quarter. 20.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Guggenheim reissued a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Loop Capital lifted their price objective on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, February 19th. UBS Group increased their target price on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $295.00.

Workday Company 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.