Atlantic Union Bankshares Corp Buys 143 Shares of Workday, Inc. (NASDAQ:WDAY)

Atlantic Union Bankshares Corp raised its stake in Workday, Inc. (NASDAQ:WDAY) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,713 shares of the software maker’s stock after purchasing an additional 143 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Workday were worth $3,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in shares of Workday during the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Workday during the third quarter valued at approximately $26,000. Crews Bank & Trust bought a new position in shares of Workday during the fourth quarter valued at approximately $26,000. Avion Wealth raised its holdings in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WDAY. Bank of America decreased their target price on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Barclays decreased their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. KeyCorp increased their price objective on Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Scotiabank increased their price objective on Workday from $340.00 to $355.00 and gave the stock a “sector outperform” rating in a report on Thursday, February 27th. Finally, Redburn Atlantic initiated coverage on Workday in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.14.

Insider Transactions at Workday

In related news, Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total transaction of $462,901.61. Following the sale, the director now owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $265.70, for a total value of $14,879,200.00. Following the sale, the insider now directly owns 228,000 shares in the company, valued at $60,579,600. This trade represents a 19.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 435,829 shares of company stock valued at $113,033,319 over the last quarter. 20.00% of the stock is currently owned by company insiders.

Workday Trading Down 0.5 %

Shares of NASDAQ:WDAY opened at $252.38 on Friday. The stock has a market capitalization of $67.13 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s 50-day simple moving average is $258.39 and its two-hundred day simple moving average is $255.78. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

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.