Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Balentine LLC

Balentine LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 18.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,249 shares of the software maker’s stock after purchasing an additional 191 shares during the period. Balentine LLC’s holdings in Workday were worth $305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Capital Inc. grew its holdings in Workday by 12.0% during the 3rd quarter. Cornerstone Capital Inc. now owns 105,662 shares of the software maker’s stock worth $25,825,000 after acquiring an additional 11,330 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in shares of Workday by 1.6% during the third quarter. Crestwood Advisors Group LLC now owns 3,486 shares of the software maker’s stock worth $852,000 after purchasing an additional 56 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in Workday in the third quarter valued at $307,000. Quintet Private Bank Europe S.A. raised its position in shares of Workday by 15.3% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,121 shares of the software maker’s stock worth $274,000 after acquiring an additional 149 shares in the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of Workday by 13.3% in the 3rd quarter. PDS Planning Inc now owns 1,168 shares of the software maker’s stock valued at $285,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Up 0.0 %

Workday stock opened at $241.25 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company’s fifty day simple moving average is $246.14 and its 200-day simple moving average is $235.78. The stock has a market cap of $63.93 billion, a P/E ratio of 42.03, a P/E/G ratio of 4.79 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for 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%. Workday’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. As a group, sell-side analysts forecast that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC lowered their target price on shares of Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. DA Davidson upped their price objective on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. KeyCorp lifted their target price on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Citigroup decreased their price target on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Finally, Evercore ISI dropped their price objective on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.04.

Insider Activity at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the 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 directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $1,952,400.00. Following the sale, the director now directly owns 97,500 shares in the company, valued at approximately $25,381,200. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 370,575 shares of company stock valued at $91,506,897. Corporate insiders own 20.00% of the company’s stock.

About Workday

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.