Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,900 shares of the software maker’s stock after buying an additional 96 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Workday were worth $490,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in shares of Workday during the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in shares of Workday in the fourth quarter worth approximately $26,000. Avion Wealth grew its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC acquired a new position in Workday during the fourth quarter worth approximately $35,000. Finally, True Wealth Design LLC raised its stake in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after purchasing an additional 143 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $261.75, for a total transaction of $14,658,000.00. Following the sale, the insider now owns 172,000 shares in the company, valued at $45,021,000. This represents a 24.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $462,901.61. Following the completion of the transaction, the director now owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. The trade was a 21.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 487,145 shares of company stock valued at $123,289,438. Insiders own 20.00% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $238.49 on Friday. The firm has a market cap of $63.44 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.55 and a beta of 1.38. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $256.67 and its two-hundred day moving average is $254.83. 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 results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on WDAY. Piper Sandler boosted their price objective on shares of Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. BNP Paribas raised Workday to a “strong-buy” rating in a research note on Friday, February 14th. Redburn Atlantic initiated coverage on shares of Workday in a research report on Wednesday, February 19th. They set a “neutral” rating for the company. Finally, BMO Capital Markets raised their price target on shares of Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.36.

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.