Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,228 shares of the software maker’s stock after acquiring an additional 63 shares during the period. Raleigh Capital Management Inc.’s holdings in Workday were worth $300,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Workday during the first quarter valued at about $27,000. Sound Income Strategies LLC increased its position in shares of Workday by 74.2% during the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. SouthState Corp increased its position in shares of Workday by 614.3% during the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after acquiring an additional 129 shares during the last quarter. Pacific Center for Financial Services grew its holdings in shares of Workday by 57.0% in the first quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock valued at $43,000 after purchasing an additional 57 shares in the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in shares of Workday in the second quarter valued at approximately $35,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Up 1.2 %

Shares of Workday stock opened at $246.76 on Wednesday. The company has a market cap of $65.39 billion, a P/E ratio of 44.46, a PEG ratio of 4.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The firm has a fifty day moving average of $246.48 and a two-hundred day moving average of $237.45.

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

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the transaction, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the transaction, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 in the last ninety days. 20.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WDAY. Wells Fargo & Company lifted their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Barclays boosted their price target on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a report on Thursday, September 19th. Guggenheim reiterated a “sell” rating and set a $190.00 price target on shares of Workday in a report on Tuesday, June 25th. Finally, KeyCorp boosted their price target on shares of Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $287.04.

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.