Workday, Inc. $WDAY Stake Boosted by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 94.2% during the third quarter, HoldingsChannel reports. The fund owned 9,368 shares of the software maker’s stock after purchasing an additional 4,544 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Workday were worth $2,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in shares of Workday during the 2nd quarter worth about $25,000. Berbice Capital Management LLC increased its holdings in Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares during the last quarter. Root Financial Partners LLC bought a new position in Workday during the third quarter valued at approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Workday in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 953 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the transaction, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the sale, the insider owned 85,398 shares of the company’s stock, valued at $17,933,580. This represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 370,321 shares of company stock valued at $78,866,401 over the last quarter. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WDAY. KeyCorp dropped their price target on shares of Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Oppenheimer reiterated an “outperform” rating on shares of Workday in a research note on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. The Goldman Sachs Group began coverage on Workday in a report on Monday, January 12th. They issued a “neutral” rating and a $238.00 target price for the company. Finally, Piper Sandler dropped their price target on shares of Workday from $235.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $277.00.

Workday Trading Down 7.0%

Shares of WDAY stock opened at $161.17 on Wednesday. The firm has a market capitalization of $42.39 billion, a P/E ratio of 67.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.13. Workday, Inc. has a 1 year low of $157.00 and a 1 year high of $283.68. The firm’s fifty day simple moving average is $205.85 and its 200 day simple moving average is $222.54. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the business posted $1.89 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.