Carnegie Investment Counsel Increases Holdings in Workday, Inc. (NASDAQ:WDAY)

Carnegie Investment Counsel lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,156 shares of the software maker’s stock after buying an additional 230 shares during the period. Carnegie Investment Counsel’s holdings in Workday were worth $7,370,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in shares of Workday during the 1st quarter valued at about $27,000. Sound Income Strategies LLC grew its position in Workday by 74.2% during the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after acquiring an additional 49 shares during the last quarter. SouthState Corp grew its position in Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after acquiring an additional 129 shares during the last quarter. Pacific Center for Financial Services grew its position in Workday by 57.0% during the 1st quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new position in Workday during the 2nd quarter worth approximately $35,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In other news, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the completion of the transaction, the insider now owns 85,795 shares in the company, valued at $20,228,745.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.29, for a total value of $812,365.09. Following the completion of the sale, the insider now owns 196,344 shares of the company’s stock, valued at $51,106,379.76. The trade was 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 link. Also, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the completion of the sale, the insider now directly owns 85,795 shares of the company’s stock, valued at $20,228,745.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,747 shares of company stock worth $77,512,235 over the last quarter. 20.00% of the stock is currently owned by insiders.

Workday Stock Down 1.7 %

WDAY stock opened at $240.90 on Monday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The business has a fifty day moving average price of $241.97 and a 200-day moving average price of $238.79. 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 stock has a market capitalization of $63.84 billion, a P/E ratio of 43.41, a P/E/G ratio of 4.87 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping 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 in the previous year, the business earned $0.40 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. Equities analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $285.00 price target on shares of Workday in a research report on Wednesday, September 18th. The Goldman Sachs Group lifted their price objective on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Needham & Company LLC cut their price objective on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research report on Thursday, September 19th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $287.04.

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.