Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its stake in Workday, Inc. (NASDAQ:WDAY) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,900 shares of the software maker’s stock after purchasing an additional 96 shares during the period. Congress Wealth Management LLC DE’s holdings in Workday were worth $490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. Simplicity Wealth LLC grew its position in shares of Workday by 3.0% in the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $330,000 after buying an additional 37 shares during the last quarter. Marcum Wealth LLC increased its position in shares of Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC lifted its holdings in shares of Workday by 3.0% in the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after purchasing an additional 41 shares during the last quarter. AllSquare Wealth Management LLC boosted its position in shares of Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares during the period. Finally, Fulton Bank N.A. grew its stake in Workday by 1.3% during the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock worth $954,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 2.5 %

Shares of WDAY stock opened at $238.49 on Friday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $256.67 and a 200-day simple moving average of $254.83. The stock has a market cap of $63.44 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WDAY shares. Morgan Stanley lowered shares of Workday from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $330.00 to $275.00 in a research report on Wednesday, February 19th. Piper Sandler lifted their price objective on shares of Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Wells Fargo & Company raised their price target on Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and upped their price objective for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Finally, Scotiabank lowered their target price on Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $300.36.

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the sale, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. This trade represents a 9.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 70,144 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $25,776,029.22. This trade represents a 40.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 487,145 shares of company stock valued at $123,289,438. 20.00% of the stock is owned by corporate insiders.

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.