2,996 Shares in Workday, Inc. $WDAY Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,996 shares of the software maker’s stock, valued at approximately $700,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 54 shares in the last quarter. Dagco Inc. acquired a new position in shares of Workday during the 1st quarter worth about $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday during the 1st quarter worth about $32,000. Financial Management Professionals Inc. boosted its position in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock worth $36,000 after acquiring an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Workday during the 1st quarter worth about $40,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the transaction, the chief financial officer directly owned 178,418 shares of the company’s stock, valued at approximately $42,747,168.62. This represents a 3.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the transaction, the chief executive officer directly owned 1,472 shares of the company’s stock, valued at $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 329,005 shares of company stock worth $79,203,523. 19.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on WDAY. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Wednesday, May 21st. Wells Fargo & Company lowered their price objective on Workday from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Monday. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. KeyCorp decreased their target price on Workday from $335.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Finally, Westpark Capital upped their target price on Workday from $315.00 to $328.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $293.08.

Workday Stock Performance

Shares of WDAY stock opened at $231.85 on Tuesday. The company has a market cap of $61.90 billion, a price-to-earnings ratio of 128.09, a price-to-earnings-growth ratio of 3.42 and a beta of 1.24. The stock has a 50 day simple moving average of $234.25 and a 200-day simple moving average of $243.40. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 8.00% and a net margin of 5.60%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. On average, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

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.