Interval Partners LP Acquires Shares of 18,853 Workday, Inc. (NASDAQ:WDAY)

Interval Partners LP acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,853 shares of the software maker’s stock, valued at approximately $4,215,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WDAY. Crewe Advisors LLC acquired a new position in shares of Workday during the 1st quarter worth approximately $27,000. Sound Income Strategies LLC lifted its stake in shares of Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. SouthState Corp lifted its stake in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after acquiring an additional 129 shares during the last quarter. Asset Dedication LLC bought a new position in shares of Workday in the 2nd quarter valued at $36,000. Finally, PSI Advisors LLC bought a new position in Workday during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, September 18th. Piper Sandler restated an “overweight” rating and issued a $285.00 target price on shares of Workday in a research note on Wednesday, September 18th. JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. Needham & Company LLC dropped their target price on shares of Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Loop Capital lifted their price target on shares of Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.48.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total transaction of $14,112,630.00. Following the completion of the sale, the insider now owns 505,000 shares of the company’s stock, valued at $125,032,950. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the completion of the transaction, the insider now directly owns 505,000 shares in the company, valued at $125,032,950. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, June 28th. The shares were sold at an average price of $223.80, for a total value of $12,532,800.00. Following the completion of the transaction, the insider now owns 674,000 shares of the company’s stock, valued at $150,841,200. The disclosure for this sale can be found here. Insiders sold a total of 467,402 shares of company stock valued at $109,864,184 over the last quarter. 20.00% of the stock is owned by insiders.

Workday Stock Performance

Shares of WDAY stock opened at $245.03 on Tuesday. The company has a market capitalization of $64.93 billion, a P/E ratio of 44.15, a P/E/G ratio of 5.07 and a beta of 1.35. The business’s 50 day moving average is $237.73 and its two-hundred day moving average is $241.81. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly 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 firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that Workday, Inc. will post 2.39 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.