Aaron Wealth Advisors LLC Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Aaron Wealth Advisors LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 55.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,864 shares of the software maker’s stock after acquiring an additional 662 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Workday were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Crewe Advisors LLC purchased a new position in Workday during the first quarter worth $27,000. Sound Income Strategies LLC lifted its holdings in shares of Workday by 74.2% during the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after purchasing an additional 49 shares during the period. SouthState Corp boosted its holdings in Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after purchasing an additional 129 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in Workday during the second quarter valued at $35,000. Finally, Asset Dedication LLC purchased a new stake in shares of Workday in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on WDAY shares. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, September 18th. Wells Fargo & Company upped their target price on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft upped their price target on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Citigroup dropped their price objective on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Finally, Loop Capital upped their price objective on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. One 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.04.

Workday Trading Up 0.5 %

Shares of Workday stock opened at $244.48 on Friday. The firm’s 50-day moving average price is $245.21 and its two-hundred day moving average price is $238.24. The company has a market capitalization of $64.79 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 4.81 and a beta of 1.35. 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 12-month low of $199.81 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. The firm had revenue of $2.09 billion during 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 company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Workday news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total value of $738,934.52. Following the transaction, the insider now directly owns 85,795 shares of the company’s stock, valued at approximately $20,228,745.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total transaction of $738,934.52. Following the transaction, the insider now owns 85,795 shares of the company’s stock, valued at $20,228,745.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the business’s 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 in the company, valued at $25,381,200. The trade was 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 over the last ninety days. 20.00% of the stock is owned by corporate insiders.

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.