Atlantic Union Bankshares Corp Has $2.83 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Atlantic Union Bankshares Corp boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 5.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,570 shares of the software maker’s stock after buying an additional 559 shares during the period. Atlantic Union Bankshares Corp’s holdings in Workday were worth $2,828,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Workday by 0.6% during the third quarter. The Manufacturers Life Insurance Company now owns 2,316,167 shares of the software maker’s stock worth $566,094,000 after purchasing an additional 14,159 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Workday by 4.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker’s stock worth $482,133,000 after buying an additional 75,747 shares during the period. Legal & General Group Plc lifted its holdings in shares of Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after buying an additional 118,180 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Workday by 15.2% in the second quarter. Bank of New York Mellon Corp now owns 1,167,131 shares of the software maker’s stock valued at $260,924,000 after acquiring an additional 153,577 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Workday by 0.4% in the third quarter. Van ECK Associates Corp now owns 934,828 shares of the software maker’s stock valued at $226,266,000 after acquiring an additional 4,127 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $236.90, for a total transaction of $13,266,400.00. Following the completion of the transaction, the insider now owns 337,000 shares in the company, valued at approximately $79,835,300. This trade represents a 14.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the transaction, the insider now owns 85,795 shares in the company, valued at $20,228,745.10. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 359,954 shares of company stock valued at $88,742,132. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on WDAY. Evercore ISI cut their price objective on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company increased their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Piper Sandler reaffirmed a “neutral” rating and issued a $270.00 price objective (down from $285.00) on shares of Workday in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $300.00 target price on shares of Workday in a report on Wednesday, September 18th. Finally, KeyCorp boosted their price target on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $288.14.

Workday Stock Performance

NASDAQ:WDAY opened at $249.99 on Friday. The stock’s 50-day moving average is $248.77 and its 200-day moving average is $237.46. The stock has a market cap of $66.25 billion, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 5.03 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. Equities research analysts anticipate that Workday, Inc. will post 2.4 earnings per share 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.