TFG Advisers LLC Buys Shares of 1,258 Workday, Inc. (NASDAQ:WDAY)

TFG Advisers LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,258 shares of the software maker’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Crewe Advisors LLC acquired a new stake in shares of Workday during the first quarter worth about $27,000. Sound Income Strategies LLC raised its holdings 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 buying an additional 49 shares during the period. SouthState Corp lifted its stake in Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after buying an additional 129 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Workday in the second quarter valued at approximately $35,000. Finally, Asset Dedication LLC acquired a new stake in shares of Workday during the second quarter worth $36,000. 89.81% of the stock is currently owned by institutional investors.

Insider Transactions at Workday

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

Workday Stock Performance

NASDAQ WDAY traded down $1.88 on Wednesday, reaching $244.88. The stock had a trading volume of 193,236 shares, compared to its average volume of 2,130,363. 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 company has a market cap of $64.89 billion, a P/E ratio of 44.46, a price-to-earnings-growth ratio of 4.85 and a beta of 1.35. The firm has a fifty day moving average of $246.48 and a two-hundred day moving average of $237.45. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY) last released 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 net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the company posted $0.40 earnings per share. Workday’s revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts anticipate that Workday, Inc. will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research analyst reports. Bank of America upped their target price on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Stifel Nicolaus increased their price objective on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. Finally, Barclays lifted their price objective on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.