Workday, Inc. (NASDAQ:WDAY) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 47.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,021 shares of the software maker’s stock after acquiring an additional 327 shares during the quarter. GAMMA Investing LLC’s holdings in Workday were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WDAY. Handelsbanken Fonder AB boosted its holdings in Workday by 2.2% during the third quarter. Handelsbanken Fonder AB now owns 75,301 shares of the software maker’s stock worth $18,404,000 after buying an additional 1,611 shares in the last quarter. Inspirion Wealth Advisors LLC acquired a new stake in shares of Workday during the 3rd quarter valued at $8,862,000. Duncan Williams Asset Management LLC boosted its stake in shares of Workday by 24.4% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 2,330 shares of the software maker’s stock worth $570,000 after acquiring an additional 457 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its holdings in shares of Workday by 40.1% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 3,644 shares of the software maker’s stock worth $891,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Anchor Investment Management LLC raised its position in shares of Workday by 14,495.1% during the second quarter. Anchor Investment Management LLC now owns 5,984 shares of the software maker’s stock worth $1,338,000 after purchasing an additional 5,943 shares during the period. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on WDAY shares. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. KeyCorp upped their price target on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Piper Sandler reiterated an “overweight” rating and set a $285.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Finally, DA Davidson boosted their target price on shares of Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $287.04.

Insider Activity at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the completion of the transaction, the director now directly owns 97,500 shares in the company, valued at $25,381,200. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.29, for a total value of $812,365.09. Following the completion of the transaction, the insider now owns 196,344 shares of the company’s stock, valued at $51,106,379.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the sale, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 312,747 shares of company stock worth $77,512,235 in the last 90 days. 20.00% of the stock is owned by company insiders.

Workday Trading Up 1.8 %

Shares of WDAY stock opened at $245.16 on Friday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a market cap of $64.97 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 4.81 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $241.00 and its two-hundred day moving average is $239.51.

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

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.