Angeles Wealth Management LLC Increases Position in Workday, Inc. (NASDAQ:WDAY)

Angeles Wealth Management LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512 shares of the software maker’s stock after purchasing an additional 106 shares during the quarter. Angeles Wealth Management LLC’s holdings in Workday were worth $370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Workday by 4.4% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock valued at $281,000 after purchasing an additional 43 shares during the period. Diversified Trust Co grew its stake in shares of Workday by 1.0% in the 2nd quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after buying an additional 47 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after buying an additional 47 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Workday by 3.4% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after buying an additional 48 shares during the period. Finally, Aspen Investment Management Inc lifted its holdings in Workday by 3.1% in the second quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock valued at $369,000 after acquiring an additional 50 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction on 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 sale, the insider now directly owns 102,997 shares in the company, valued at $26,902,816.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the sale, the director now directly owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock worth $91,506,897 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Up 2.3 %

Shares of NASDAQ:WDAY opened at $239.12 on Monday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm’s 50 day moving average price is $246.99 and its 200 day moving average price is $235.96. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market cap of $63.37 billion, a price-to-earnings ratio of 41.66, a price-to-earnings-growth ratio of 4.64 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. As a group, equities research analysts predict that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. DA Davidson raised their price objective on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Stifel Nicolaus upped their target price on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Friday, September 13th. Finally, Bank of America upped their price objective on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

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.