Raymond James Trust N.A. Purchases 577 Shares of Workday, Inc. (NASDAQ:WDAY)

Raymond James Trust N.A. raised its position in Workday, Inc. (NASDAQ:WDAY) by 13.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,987 shares of the software maker’s stock after buying an additional 577 shares during the quarter. Raymond James Trust N.A.’s holdings in Workday were worth $1,115,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WDAY. Silvant Capital Management LLC grew its stake in shares of Workday by 9.5% in the second quarter. Silvant Capital Management LLC now owns 74,222 shares of the software maker’s stock valued at $16,593,000 after acquiring an additional 6,418 shares in the last quarter. Fullcircle Wealth LLC bought a new stake in Workday in the 2nd quarter valued at about $224,000. Bank Pictet & Cie Europe AG grew its position in shares of Workday by 77.3% during the 2nd quarter. Bank Pictet & Cie Europe AG now owns 2,387 shares of the software maker’s stock worth $534,000 after purchasing an additional 1,041 shares in the last quarter. Banque Pictet & Cie SA increased its holdings in shares of Workday by 35.8% during the second quarter. Banque Pictet & Cie SA now owns 82,554 shares of the software maker’s stock worth $18,456,000 after purchasing an additional 21,753 shares during the period. Finally, AMI Asset Management Corp increased its holdings in shares of Workday by 12.2% during the second quarter. AMI Asset Management Corp now owns 181,844 shares of the software maker’s stock worth $40,653,000 after purchasing an additional 19,751 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 82,762 shares of Workday stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $21,658,209.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 82,762 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $21,658,209.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $209.17, for a total value of $11,922,690.00. Following the completion of the transaction, the insider now directly owns 786,000 shares in the company, valued at $164,407,620. The disclosure for this sale can be found here. Insiders sold 524,672 shares of company stock worth $115,938,834 over the last three months. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of analyst reports. Piper Sandler increased their price target on Workday from $262.00 to $285.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their target price on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. decreased their price target on Workday from $300.00 to $285.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Bank of America upped their price objective on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday. Finally, DA Davidson increased their price objective on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $288.15.

Workday Trading Down 0.2 %

NASDAQ WDAY traded down $0.62 during trading hours on Monday, reaching $259.33. The company’s stock had a trading volume of 169,490 shares, compared to its average volume of 2,212,048. The firm has a fifty day simple moving average of $223.72 and a 200-day simple moving average of $247.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The stock has a market cap of $68.72 billion, a P/E ratio of 46.84, a P/E/G ratio of 5.82 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) 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 analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.46%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. Equities analysts forecast that Workday, Inc. will post 2.12 earnings per share for the current fiscal 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.