Fulton Bank N.A. Sells 249 Shares of Workday, Inc. (NASDAQ:WDAY)

Fulton Bank N.A. cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,648 shares of the software maker’s stock after selling 249 shares during the period. Fulton Bank N.A.’s holdings in Workday were worth $892,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after purchasing an additional 1,016,394 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Workday by 17,345.2% in the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after acquiring an additional 925,366 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Workday by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock valued at $3,988,549,000 after acquiring an additional 437,215 shares in the last quarter. D1 Capital Partners L.P. grew its position in Workday by 152.1% during the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after acquiring an additional 312,500 shares during the last quarter. Finally, Sustainable Growth Advisers LP increased its holdings in Workday by 9.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after purchasing an additional 301,463 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $229.32, for a total value of $12,841,920.00. Following the transaction, the insider now directly owns 562,000 shares of the company’s stock, valued at approximately $128,877,840. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $229.32, for a total value of $12,841,920.00. Following the transaction, the insider now owns 562,000 shares in the company, valued at approximately $128,877,840. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 309,613 shares of company stock worth $76,348,820. 20.00% of the stock is owned by corporate insiders.

Workday Price Performance

WDAY stock opened at $239.47 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The company’s 50-day moving average is $240.47 and its 200-day moving average is $239.76. The stock has a market capitalization of $63.46 billion, a PE ratio of 43.15, a price-to-earnings-growth ratio of 4.81 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts expect that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. DA Davidson boosted their price target on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Workday in a research note on Friday, September 13th. KeyCorp increased their price objective on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.04.

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 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.