Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,228 shares of the software maker’s stock after acquiring an additional 63 shares during the period. Raleigh Capital Management Inc.’s holdings in Workday were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC purchased a new position in Workday in the 1st quarter valued at about $433,000. Ballentine Partners LLC lifted its holdings in Workday by 8.2% in the 1st quarter. Ballentine Partners LLC now owns 1,788 shares of the software maker’s stock valued at $488,000 after purchasing an additional 136 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. Procyon Advisors LLC lifted its holdings in Workday by 2.8% in the 1st quarter. Procyon Advisors LLC now owns 7,284 shares of the software maker’s stock valued at $1,987,000 after purchasing an additional 196 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Workday by 14.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,444 shares of the software maker’s stock valued at $1,212,000 after purchasing an additional 569 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Stifel Nicolaus increased their price objective on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Piper Sandler restated an “overweight” rating and issued a $285.00 price target on shares of Workday in a report on Wednesday, September 18th. Morgan Stanley cut their price target on shares of Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Finally, Barclays raised their price target on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Insider Activity at Workday

In related news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now directly owns 8,674 shares in the company, valued at $2,097,806.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now directly owns 8,674 shares in the company, valued at $2,097,806.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction dated 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 sale, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock worth $91,506,897 over the last ninety days. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Performance

WDAY stock opened at $246.76 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $65.39 billion, a price-to-earnings ratio of 44.46, a PEG ratio of 4.85 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 stock’s fifty day moving average is $246.48 and its two-hundred day moving average is $237.45.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, research analysts predict that Workday, Inc. will post 2.4 EPS for the current year.

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.