First Bank & Trust Has $987,000 Stock Position in Workday, Inc. (NASDAQ:WDAY)

First Bank & Trust lifted its position in Workday, Inc. (NASDAQ:WDAY) by 75.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,040 shares of the software maker’s stock after buying an additional 1,734 shares during the quarter. First Bank & Trust’s holdings in Workday were worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Workday by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after purchasing an additional 1,016,394 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Workday by 17,345.2% during the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock worth $208,068,000 after acquiring an additional 925,366 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Workday by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after acquiring an additional 324,540 shares during the period. D1 Capital Partners L.P. lifted its holdings in shares of Workday by 152.1% during the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after acquiring an additional 312,500 shares during the period. Finally, Sustainable Growth Advisers LP lifted its holdings in shares of Workday by 9.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after acquiring an additional 301,463 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Trading Up 0.4 %

Shares of NASDAQ WDAY traded up $0.89 during mid-day trading on Friday, hitting $237.71. The company’s stock had a trading volume of 1,339,903 shares, compared to its average volume of 2,132,286. The company’s fifty day simple moving average is $247.09 and its 200-day simple moving average is $237.27. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The stock has a market cap of $62.99 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 4.90 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm earned $0.40 EPS. Workday’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction that occurred 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 transaction, the insider now owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Workday news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction that occurred on Monday, August 26th. The shares were 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 approximately $25,381,200. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 in the last 90 days. 20.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on WDAY. Loop Capital raised their price objective on shares of Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Thursday, September 19th. Bank of America raised their price objective on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft increased 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $285.00 target price on shares of Workday in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $287.04.

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.