Atlantic Union Bankshares Corp Boosts Stake in Workday, Inc. (NASDAQ:WDAY)

Atlantic Union Bankshares Corp boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,024 shares of the software maker’s stock after buying an additional 336 shares during the period. Atlantic Union Bankshares Corp’s holdings in Workday were worth $1,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. RB Capital Management LLC lifted its holdings in shares of Workday by 2.8% during the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock valued at $662,000 after purchasing an additional 76 shares during the last quarter. Private Advisor Group LLC raised its stake in Workday by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker’s stock worth $601,000 after acquiring an additional 265 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Workday in the 1st quarter worth $2,974,000. Yousif Capital Management LLC raised its stake in Workday by 2.7% in the 1st quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock worth $674,000 after acquiring an additional 74 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in Workday by 10.3% in the 1st quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker’s stock worth $812,000 after acquiring an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $276.95, for a total value of $15,509,200.00. Following the completion of the transaction, the insider now owns 1,011,000 shares in the company, valued at $279,996,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder David A. Duffield sold 65,524 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $265.66, for a total value of $17,407,105.84. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,362,183.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the completion of the sale, the insider now directly owns 1,011,000 shares of the company’s stock, valued at $279,996,450. The disclosure for this sale can be found here. Insiders sold a total of 463,484 shares of company stock worth $126,630,341 over the last 90 days. Corporate insiders own 21.09% of the company’s stock.

Workday Trading Down 0.3 %

Shares of WDAY stock traded down $0.87 during trading on Friday, hitting $272.75. 1,242,239 shares of the stock traded hands, compared to its average volume of 2,538,193. The firm has a market capitalization of $72.01 billion, a P/E ratio of 52.96, a price-to-earnings-growth ratio of 6.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The firm’s fifty day moving average price is $287.25 and its 200-day moving average price is $258.81. Workday, Inc. has a 52-week low of $174.25 and a 52-week high of $311.28.

Workday (NASDAQ:WDAY) last posted its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm earned ($0.14) EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WDAY. Evercore ISI raised their target price on Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Piper Sandler reaffirmed an “overweight” rating and set a $330.00 price target on shares of Workday in a research report on Monday, February 26th. The Goldman Sachs Group increased their price target on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Barclays cut their price target on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 27th. Finally, Citigroup increased their price target on Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $293.61.

About Workday

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.