Perigon Wealth Management LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY – Get Rating) by 59.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,608 shares of the software maker’s stock after buying an additional 975 shares during the quarter. Perigon Wealth Management LLC’s holdings in Workday were worth $397,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Republic Investment Management Inc. lifted its stake in Workday by 3.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 33,071 shares of the software maker’s stock valued at $5,034,000 after buying an additional 1,125 shares in the last quarter. EFG Asset Management North America Corp. lifted its stake in shares of Workday by 1.1% during the 3rd quarter. EFG Asset Management North America Corp. now owns 22,743 shares of the software maker’s stock worth $3,463,000 after purchasing an additional 243 shares during the period. First Hawaiian Bank lifted its stake in shares of Workday by 44.7% during the 3rd quarter. First Hawaiian Bank now owns 6,842 shares of the software maker’s stock worth $1,041,000 after purchasing an additional 2,114 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Workday by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 34,005 shares of the software maker’s stock worth $5,176,000 after purchasing an additional 1,243 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Workday by 68.3% during the 3rd quarter. Fisher Asset Management LLC now owns 103,093 shares of the software maker’s stock worth $15,693,000 after purchasing an additional 41,824 shares during the period. Hedge funds and other institutional investors own 66.98% of the company’s stock.
Insider Buying and Selling
In related news, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $183.34, for a total value of $916,700.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $916,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Douglas A. Robinson sold 266 shares of Workday stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $191.44, for a total value of $50,923.04. Following the completion of the transaction, the insider now directly owns 129,802 shares in the company, valued at $24,849,294.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George J. Still, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $183.34, for a total transaction of $916,700.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $916,700. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,377 shares of company stock worth $2,602,803. Corporate insiders own 21.74% of the company’s stock.
Analysts Set New Price Targets
Workday Stock Down 1.5 %
Shares of Workday stock opened at $188.77 on Friday. The business has a 50-day moving average of $180.90 and a 200-day moving average of $164.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $48.89 billion, a PE ratio of -131.09, a P/E/G ratio of 88.91 and a beta of 1.26. Workday, Inc. has a 1-year low of $128.72 and a 1-year high of $248.92.
Workday (NASDAQ:WDAY – Get Rating) last announced its earnings results on Monday, February 27th. The software maker reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. Workday had a negative return on equity of 1.96% and a negative net margin of 5.90%. The company’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm earned ($0.20) earnings per share. As a group, equities analysts forecast that Workday, Inc. will post 0.08 EPS for the current fiscal year.
Workday announced that its Board of Directors has initiated a stock repurchase program on Tuesday, November 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the software maker to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Workday Profile
Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.
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