Prime Capital Investment Advisors LLC Acquires 669 Shares of Workday, Inc. (NASDAQ:WDAY)

Prime Capital Investment Advisors LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,588 shares of the software maker’s stock after purchasing an additional 669 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Workday were worth $4,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in Workday in the 1st quarter worth approximately $27,000. Sound Income Strategies LLC boosted its stake in Workday by 74.2% in the 1st 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 stake in Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares during the period. Asset Dedication LLC bought a new position in Workday in the 2nd quarter worth approximately $36,000. Finally, PSI Advisors LLC bought a new position in shares of Workday during the 2nd quarter valued at approximately $38,000. 89.81% of the stock is currently owned by institutional investors.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 78,279 shares of Workday stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $223.89, for a total value of $17,525,885.31. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $23,059,998.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the completion of the transaction, the insider now directly owns 196,344 shares in the company, valued at $51,106,379.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 78,279 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $223.89, for a total transaction of $17,525,885.31. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $23,059,998.33. The disclosure for this sale can be found here. Insiders sold 466,402 shares of company stock worth $107,992,034 over the last three months. 20.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WDAY. Stifel Nicolaus increased their target price on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Guggenheim reiterated a “sell” rating and set a $190.00 target price on shares of Workday in a research report on Tuesday, June 25th. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Friday. Oppenheimer lowered their target price on Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $350.00 price target on shares of Workday in a research 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.15.

Workday Stock Performance

WDAY stock opened at $250.05 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The business has a 50-day moving average price of $235.24 and a 200 day moving average price of $243.02. The company has a market capitalization of $66.26 billion, a P/E ratio of 45.05, a PEG ratio of 5.40 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share 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 return on equity of 5.34% and a net margin of 19.59%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. As a group, equities research analysts forecast that Workday, Inc. will post 2.27 EPS for the current fiscal 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.