Creative Planning Reduces Holdings in Workday Inc (WDAY)

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Creative Planning trimmed its position in Workday Inc (NASDAQ:WDAY) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,734 shares of the software maker’s stock after selling 419 shares during the period. Creative Planning’s holdings in Workday were worth $756,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WDAY. North Star Investment Management Corp. boosted its position in Workday by 100.0% in the fourth quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. First Personal Financial Services raised its stake in shares of Workday by 61.3% in the fourth quarter. First Personal Financial Services now owns 263 shares of the software maker’s stock worth $42,000 after buying an additional 100 shares during the period. Lenox Wealth Advisors LLC bought a new position in shares of Workday in the fourth quarter worth about $73,000. We Are One Seven LLC bought a new position in shares of Workday in the fourth quarter worth about $80,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of Workday in the third quarter worth about $106,000. 67.93% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:WDAY opened at $187.75 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.10 and a current ratio of 1.10. Workday Inc has a 1 year low of $115.20 and a 1 year high of $193.08. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of -147.83 and a beta of 1.89.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, November 29th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.76. Workday had a negative return on equity of 15.98% and a negative net margin of 15.40%. The business had revenue of $743.20 million for the quarter, compared to the consensus estimate of $723.38 million. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s revenue was up 33.8% compared to the same quarter last year. On average, equities analysts expect that Workday Inc will post -1.05 earnings per share for the current fiscal year.

In other Workday news, Director David A. Duffield sold 309,667 shares of Workday stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $161.50, for a total value of $50,011,220.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 6,370 shares of Workday stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $164.90, for a total value of $1,050,413.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 999,158 shares of company stock worth $163,638,983. Corporate insiders own 33.59% of the company’s stock.

Several research firms have recently commented on WDAY. Cantor Fitzgerald set a $185.00 price objective on Workday and gave the stock a “buy” rating in a research note on Sunday, December 2nd. BidaskClub raised Workday from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 28th. Morgan Stanley raised their price objective on Workday from $154.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, December 3rd. Credit Suisse Group raised their price objective on Workday from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, November 30th. Finally, Sanford C. Bernstein raised Workday from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a research note on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Workday currently has an average rating of “Buy” and a consensus target price of $158.74.

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Workday Profile

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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