Workday, Inc. (NASDAQ:WDAY) Shares Bought by PDS Planning Inc

PDS Planning Inc grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,168 shares of the software maker’s stock after buying an additional 137 shares during the period. PDS Planning Inc’s holdings in Workday were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Crewe Advisors LLC acquired a new position in Workday in the first quarter valued at about $27,000. SouthState Corp increased its holdings in Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after purchasing an additional 129 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in Workday in the 2nd quarter valued at approximately $35,000. Asset Dedication LLC purchased a new stake in Workday in the second quarter valued at approximately $36,000. Finally, PSI Advisors LLC acquired a new position in Workday during the second quarter worth $38,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the transaction, the insider now directly owns 85,795 shares in the company, valued at approximately $20,228,745.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 370,575 shares of company stock valued at $91,506,897. Company insiders own 20.00% of the company’s stock.

Workday Stock Up 0.8 %

Shares of Workday stock opened at $241.14 on Tuesday. The company has a market capitalization of $63.90 billion, a PE ratio of 42.01, a P/E/G ratio of 4.75 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. 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 business has a 50-day moving average of $246.61 and a 200-day moving average of $235.86.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. As a group, equities analysts forecast that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the topic of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Thursday, September 19th. Citigroup cut their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. Canaccord Genuity Group reissued a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Friday, September 13th. Loop Capital lifted their price objective on shares of Workday from $240.00 to $255.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company increased their target price on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average target price 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.