Workday, Inc. (NASDAQ:WDAY) Shares Sold by Abound Wealth Management

Abound Wealth Management cut its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 8.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,581 shares of the software maker’s stock after selling 150 shares during the period. Abound Wealth Management’s holdings in Workday were worth $353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of Workday in the first quarter worth about $27,000. Sound Income Strategies LLC boosted its stake in shares of Workday by 74.2% during the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after buying an additional 49 shares during the last quarter. SouthState Corp boosted its stake in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after buying an additional 129 shares during the last quarter. Asset Dedication LLC bought a new stake in shares of Workday in the second quarter worth $36,000. Finally, PSI Advisors LLC acquired a new stake in Workday in the second quarter valued at $38,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 0.5 %

Shares of NASDAQ:WDAY opened at $250.05 on Monday. The stock has a market capitalization of $66.26 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 5.40 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 50 day moving average price of $235.24 and a 200 day moving average price of $243.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current 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. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. On average, research analysts anticipate that Workday, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on shares of Workday from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Stifel Nicolaus increased their target price on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Mizuho lowered their price target on Workday from $325.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 24th. Oppenheimer decreased their price objective on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $288.15.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 78,279 shares of Workday stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $223.89, for a total value of $17,525,885.31. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $23,059,998.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 78,279 shares of Workday stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $223.89, for a total value of $17,525,885.31. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at $23,059,998.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 466,402 shares of company stock valued at $107,992,034. 20.00% of the stock is currently owned by corporate insiders.

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.