Pursue Wealth Partners LLC Makes New $534,000 Investment in Workday, Inc. (NASDAQ:WDAY)

Pursue Wealth Partners LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,185 shares of the software maker’s stock, valued at approximately $534,000.

Other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in shares of Workday during the first quarter worth approximately $27,000. SouthState Corp raised its holdings in Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares during the last quarter. Goodman Advisory Group LLC acquired a new position in Workday during the 2nd quarter valued at about $35,000. Asset Dedication LLC bought a new position in shares of Workday in the 2nd quarter valued at about $36,000. Finally, PSI Advisors LLC bought a new position in shares of Workday in the 2nd quarter valued at about $38,000. 89.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $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 the SEC website. In related 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 transaction, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is currently owned by insiders.

Workday Stock Up 0.8 %

Shares of WDAY opened at $235.79 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $62.48 billion, a price-to-earnings ratio of 40.74, a PEG ratio of 4.73 and a beta of 1.35. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The stock has a fifty day moving average of $247.41 and a 200-day moving average of $236.40.

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

Analysts Set New Price Targets

WDAY has been the subject of a number of analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Workday in a report on Friday, September 13th. Wells Fargo & Company increased their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, September 18th. The Goldman Sachs Group raised their price objective on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Barclays boosted their target price on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.04.

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 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.