Congress Wealth Management LLC DE bought a new position in Workday, Inc. (NASDAQ:WDAY – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,600 shares of the software maker’s stock, valued at approximately $362,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Intellectus Partners LLC grew its stake in shares of Workday by 1.0% during the 1st quarter. Intellectus Partners LLC now owns 5,318 shares of the software maker’s stock valued at $1,098,000 after buying an additional 55 shares during the period. Outlook Wealth Advisors LLC grew its stake in shares of Workday by 2.5% during the 1st quarter. Outlook Wealth Advisors LLC now owns 2,258 shares of the software maker’s stock valued at $466,000 after buying an additional 56 shares during the period. MGO One Seven LLC grew its stake in shares of Workday by 3.8% during the 1st quarter. MGO One Seven LLC now owns 1,543 shares of the software maker’s stock valued at $319,000 after buying an additional 57 shares during the period. Impax Asset Management Group plc grew its stake in shares of Workday by 1.2% during the 1st quarter. Impax Asset Management Group plc now owns 4,813 shares of the software maker’s stock valued at $994,000 after buying an additional 57 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Workday by 3.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,675 shares of the software maker’s stock valued at $346,000 after buying an additional 58 shares during the period. 68.46% of the stock is owned by hedge funds and other institutional investors.
Workday Price Performance
Shares of NASDAQ:WDAY opened at $230.82 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.47. Workday, Inc. has a fifty-two week low of $128.72 and a fifty-two week high of $252.72. The firm has a 50-day simple moving average of $234.95 and a 200 day simple moving average of $212.41. The company has a market cap of $60.47 billion, a PE ratio of -480.88, a P/E/G ratio of 10.80 and a beta of 1.23.
Analysts Set New Price Targets
A number of brokerages recently weighed in on WDAY. JPMorgan Chase & Co. upped their price target on shares of Workday from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. KeyCorp upped their price target on shares of Workday from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Wells Fargo & Company upped their price target on shares of Workday from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. StockNews.com began coverage on shares of Workday in a research report on Tuesday, August 22nd. They set a “buy” rating for the company. Finally, Jefferies Financial Group upped their price target on shares of Workday from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $247.06.
View Our Latest Stock Report on WDAY
Insiders Place Their Bets
In other Workday news, Director George J. Still, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $251.00, for a total value of $1,255,000.00. Following the completion of the transaction, the director now owns 115,000 shares in the company, valued at approximately $28,865,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director George J. Still, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $251.00, for a total value of $1,255,000.00. Following the completion of the transaction, the director now directly owns 115,000 shares in the company, valued at $28,865,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aneel Bhusri sold 3,869 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $221.43, for a total transaction of $856,712.67. Following the completion of the transaction, the chief executive officer now owns 553,893 shares of the company’s stock, valued at $122,648,526.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,476 shares of company stock worth $31,321,443. Insiders own 21.09% of the company’s stock.
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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