Dakota Wealth Management Acquires 573 Shares of Workday, Inc. (NASDAQ:WDAY)

Dakota Wealth Management grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 16.3% in the third quarter, HoldingsChannel reports. The fund owned 4,091 shares of the software maker’s stock after buying an additional 573 shares during the period. Dakota Wealth Management’s holdings in Workday were worth $1,000,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in shares of Workday by 39.1% in the third quarter. Assenagon Asset Management S.A. now owns 414,306 shares of the software maker’s stock valued at $101,261,000 after acquiring an additional 116,564 shares during the period. IFM Investors Pty Ltd raised its stake in Workday by 1.0% in the third quarter. IFM Investors Pty Ltd now owns 42,361 shares of the software maker’s stock valued at $10,353,000 after purchasing an additional 414 shares in the last quarter. Grassi Investment Management raised its stake in Workday by 1.1% in the third quarter. Grassi Investment Management now owns 13,925 shares of the software maker’s stock valued at $3,403,000 after purchasing an additional 150 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Workday by 28.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,479 shares of the software maker’s stock valued at $361,000 after purchasing an additional 327 shares in the last quarter. Finally, YHB Investment Advisors Inc. raised its stake in Workday by 26.3% in the third quarter. YHB Investment Advisors Inc. now owns 2,954 shares of the software maker’s stock valued at $722,000 after purchasing an additional 616 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WDAY. Piper Sandler reaffirmed an “overweight” rating and issued a $285.00 price target on shares of Workday in a research note on Wednesday, September 18th. Loop Capital boosted their price target on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Needham & Company LLC dropped their price target on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Friday, September 13th. Finally, Bank of America boosted their target price on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $287.04.

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the sale, the director now directly owns 97,500 shares in the company, valued at $25,381,200. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Workday news, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total transaction of $738,934.52. Following the transaction, the insider now directly owns 85,795 shares in the company, valued at approximately $20,228,745.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the transaction, the director now owns 97,500 shares in the company, valued at $25,381,200. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 over the last ninety days. Insiders own 20.00% of the company’s stock.

Workday Stock Performance

Shares of WDAY stock opened at $237.71 on Monday. The business’s 50 day simple moving average is $247.09 and its 200 day simple moving average is $236.82. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The stock has a market capitalization of $62.99 billion, a PE ratio of 42.83, a PEG ratio of 4.90 and a beta of 1.35. 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 earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

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.