Pegasus Partners Ltd. Has $338,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Pegasus Partners Ltd. increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 29.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,381 shares of the software maker’s stock after buying an additional 316 shares during the period. Pegasus Partners Ltd.’s holdings in Workday were worth $338,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. William Blair Investment Management LLC lifted its holdings in Workday by 17.6% during the 1st quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock worth $8,849,000 after purchasing an additional 4,865 shares during the last quarter. ORG Partners LLC boosted its position in shares of Workday by 3,717.9% in the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after acquiring an additional 3,123 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Workday by 42.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker’s stock worth $3,649,000 after purchasing an additional 3,965 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after purchasing an additional 324,540 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after purchasing an additional 118,180 shares during the period. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction on 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 transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,902,816.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction 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 transaction, the director now owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, 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. Over the last 90 days, insiders sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by corporate insiders.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $256.54 on Friday. The firm has a market capitalization of $67.98 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 5.00 and a beta of 1.35. The stock’s 50 day moving average is $245.75 and its 200-day moving average is $236.07. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WDAY shares. Canaccord Genuity Group restated a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Friday, September 13th. Evercore ISI dropped their target price on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Loop Capital lifted their price objective on shares of Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Stifel Nicolaus raised their target price on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, Morgan Stanley dropped their target price on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Workday 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.