Workday, Inc. (NASDAQ:WDAY) Position Lessened by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 8.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,076 shares of the software maker’s stock after selling 100 shares during the period. Guerra Pan Advisors LLC’s holdings in Workday were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Workday during the third quarter valued at $26,000. Crewe Advisors LLC acquired a new position in Workday during the 1st quarter valued at about $27,000. SouthState Corp grew its position in Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares during the last quarter. Goodman Advisory Group LLC bought a new position in Workday in the 2nd quarter worth about $35,000. Finally, Asset Dedication LLC acquired a new stake in shares of Workday in the second quarter valued at approximately $36,000. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Down 0.6 %

Shares of WDAY opened at $256.54 on Friday. The business’s 50-day moving average price is $245.75 and its 200 day moving average price is $236.07. 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 stock has a market capitalization of $67.98 billion, a P/E ratio of 44.69, a P/E/G ratio of 5.09 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY) last released its earnings results 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 for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Analysts expect that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the firm’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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the transaction, the insider now owns 196,344 shares in the company, valued at approximately $51,106,379.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 in the last three months. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WDAY has been the subject of a number of recent analyst reports. Bank of America increased their price objective on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Morgan Stanley lowered their price target on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Finally, Evercore ISI dropped their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

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.