2,185 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,185 shares of the software maker's stock, valued at approximately $534,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WDAY. Crewe Advisors LLC purchased a new position in Workday during the 1st quarter valued at about $27,000. SouthState Corp increased its stake in Workday by 614.3% during the second quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after acquiring an additional 129 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Workday during the 2nd quarter worth about $35,000. Asset Dedication LLC purchased a new position in shares of Workday in the 2nd quarter valued at $36,000. Finally, PSI Advisors LLC acquired a new position in shares of Workday during the second quarter worth about $38,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the sale, the director now owns 97,500 shares of the company's stock, valued at $25,381,200. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the completion of the transaction, the insider now directly owns 85,795 shares of the company's stock, valued at approximately $20,228,745.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the sale, the director now owns 97,500 shares in the company, valued at $25,381,200. This trade 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 90 days. Insiders own 20.00% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on WDAY shares. DA Davidson increased their price objective on shares of Workday from $255.00 to $270.00 and gave the company a "neutral" rating in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Workday from $265.00 to $275.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. Evercore ISI cut their target price 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. Bank of America raised their price target on Workday from $265.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Finally, Morgan Stanley lowered their price objective on Workday from $325.00 to $315.00 and set an "overweight" rating for the company in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $287.04.

Workday Trading Up 2.3 %

NASDAQ WDAY traded up $5.27 on Friday, hitting $239.12. 1,804,147 shares of the company were exchanged, compared to its average volume of 2,112,864. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $63.37 billion, a P/E ratio of 41.66, a price-to-earnings-growth ratio of 4.73 and a beta of 1.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company's 50 day moving average price is $246.99 and its 200-day moving average price is $236.26.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business earned $0.40 EPS. The business's quarterly revenue was up 16.5% on a year-over-year basis. Analysts predict that Workday, Inc. will post 2.4 earnings per share for the current fiscal 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.