Sandy Spring Bank lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 23.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200 shares of the software maker’s stock after selling 60 shares during the period. Sandy Spring Bank’s holdings in Workday were worth $41,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of WDAY. RB Capital Management LLC raised its holdings in Workday by 2.8% during the first quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock worth $662,000 after acquiring an additional 76 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Workday by 11.8% in the first quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker’s stock valued at $601,000 after buying an additional 265 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Workday in the first quarter valued at approximately $2,974,000. Yousif Capital Management LLC lifted its position in shares of Workday by 2.7% in the first quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock valued at $674,000 after buying an additional 74 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of Workday by 10.3% in the first quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker’s stock valued at $812,000 after buying an additional 316 shares during the last quarter. Institutional investors own 67.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on WDAY shares. DA Davidson raised their price objective on Workday from $220.00 to $240.00 in a research report on Friday, May 26th. Citigroup raised their price objective on Workday from $203.00 to $220.00 in a research report on Friday, May 26th. JPMorgan Chase & Co. raised their price objective on Workday from $223.00 to $240.00 in a research report on Monday, July 17th. Barclays lifted their price target on Workday from $216.00 to $243.00 in a report on Friday, May 26th. Finally, Morgan Stanley lifted their price target on Workday from $230.00 to $250.00 in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.76.
Workday Trading Up 1.5 %
Shares of WDAY opened at $233.55 on Tuesday. The firm has a market cap of $60.96 billion, a price-to-earnings ratio of -226.75, a PEG ratio of 13.12 and a beta of 1.27. Workday, Inc. has a 52-week low of $128.72 and a 52-week high of $240.18. The business’s fifty day moving average is $221.79 and its 200-day moving average is $202.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.95 and a current ratio of 1.95.
Workday (NASDAQ:WDAY – Get Free Report) last announced its earnings results on Thursday, May 25th. The software maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.12 by $0.19. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. Workday had a negative return on equity of 0.44% and a negative net margin of 4.09%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) EPS. Equities analysts anticipate that Workday, Inc. will post 0.71 EPS for the current fiscal year.
Insiders Place Their Bets
In other Workday news, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $204.15, for a total transaction of $1,020,750.00. Following the transaction, the director now directly owns 159,903 shares of the company’s stock, valued at approximately $32,644,197.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder David A. Duffield sold 108,334 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $208.37, for a total value of $22,573,555.58. Following the completion of the sale, the insider now directly owns 216,666 shares of the company’s stock, valued at approximately $45,146,694.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George J. Still, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $204.15, for a total value of $1,020,750.00. Following the completion of the transaction, the director now directly owns 159,903 shares of the company’s stock, valued at $32,644,197.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 170,957 shares of company stock valued at $36,069,800. 21.09% of the stock is currently owned by company insiders.
Workday 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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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.
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