Atria Investments Inc Increases Stake in Workday, Inc. (NASDAQ:WDAY)

Atria Investments Inc lifted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 19.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,324 shares of the software maker's stock after buying an additional 7,175 shares during the quarter. Atria Investments Inc's holdings in Workday were worth $10,833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Workday in the third quarter worth $26,000. Crewe Advisors LLC bought a new stake in Workday in the 1st quarter valued at $27,000. SouthState Corp increased its holdings in Workday by 614.3% in 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 period. Goodman Advisory Group LLC acquired a new position in Workday during the 2nd quarter worth about $35,000. Finally, Asset Dedication LLC acquired a new position in Workday during the 2nd quarter worth about $36,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several research reports. Stifel Nicolaus upped their price target on shares of Workday from $250.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, August 23rd. Bank of America upped their target price on shares of Workday from $265.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Needham & Company LLC cut their price target on shares of Workday from $350.00 to $300.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Evercore ISI lowered their price objective on shares of Workday from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group lifted their price objective on shares of Workday from $300.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $287.04.

Workday Stock Up 3.0 %

Shares of WDAY traded up $7.61 during trading hours on Monday, reaching $264.15. The stock had a trading volume of 2,076,998 shares, compared to its average volume of 2,100,327. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The firm has a 50-day simple moving average of $245.75 and a 200 day simple moving average of $235.79. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $70.00 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 5.09 and a beta of 1.35.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 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 business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the firm posted $0.40 EPS. Workday's quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the transaction, the insider now owns 281,000 shares in the company, valued at $68,004,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Wayne A.I. Frederick sold 1,828 shares of the firm's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now directly owns 8,674 shares of the company's stock, valued at approximately $2,097,806.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the transaction, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by company insiders.

Workday Company 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.