Fortitude Family Office LLC Raises Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Fortitude Family Office LLC raised its stake in Workday, Inc. (NASDAQ:WDAY) by 713.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 179 shares of the software maker’s stock after buying an additional 157 shares during the quarter. Fortitude Family Office LLC’s holdings in Workday were worth $44,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WDAY. Crewe Advisors LLC purchased a new position in shares of Workday in the 1st quarter worth approximately $27,000. SouthState Corp grew its holdings in Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares during the last quarter. Pacific Center for Financial Services increased its position in shares of Workday by 57.0% during the first quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock worth $43,000 after purchasing an additional 57 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Workday during the 2nd quarter valued at $35,000. Finally, Asset Dedication LLC acquired a new stake in shares of Workday in the 2nd quarter worth $36,000. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 97,500 shares in the company, valued at approximately $25,381,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction that occurred 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 transaction, the director now owns 97,500 shares in the company, valued at approximately $25,381,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock worth $91,506,897 over the last three months. Insiders own 20.00% of the company’s stock.

Workday Price Performance

Shares of Workday stock opened at $238.63 on Wednesday. The stock has a market capitalization of $63.24 billion, a P/E ratio of 43.00, a PEG ratio of 4.72 and a beta of 1.35. The business has a 50 day simple moving average of $247.26 and a two-hundred day simple moving average of $236.41. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

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. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts predict that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on WDAY. Needham & Company LLC reduced their target price on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Barclays increased their price objective on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. The Goldman Sachs Group boosted their target price on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Bank of America raised their price target on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target 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.