1,061 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Cohen Capital Management Inc.

Cohen Capital Management Inc. purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,061 shares of the software maker’s stock, valued at approximately $259,000.

A number of other hedge funds have also recently modified their holdings of WDAY. Crewe Advisors LLC acquired a new stake in shares of Workday during the 1st quarter worth approximately $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. Pacific Center for Financial Services raised its position in Workday by 57.0% in the first quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock valued at $43,000 after purchasing an additional 57 shares during the period. Goodman Advisory Group LLC acquired a new position in shares of Workday in the 2nd quarter valued at $35,000. Finally, Asset Dedication LLC purchased a new position in shares of Workday during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WDAY. KeyCorp upped their target price on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Stifel Nicolaus upped their price objective on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. 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. DA Davidson upped their price target on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Thursday, September 19th. One investment 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $287.04.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the completion of the transaction, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 in the last quarter. 20.00% of the stock is currently owned by corporate insiders.

Workday Price Performance

Workday stock opened at $239.11 on Monday. The company has a market cap of $63.36 billion, a P/E ratio of 41.66, a price-to-earnings-growth ratio of 4.64 and a beta of 1.35. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The business has a fifty day moving average of $246.99 and a two-hundred day moving average of $235.96. 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 announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, analysts predict that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

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.