Peapack Gladstone Financial Corp Raises Stake in Workday, Inc. (NASDAQ:WDAY)

Peapack Gladstone Financial Corp boosted its position in Workday, Inc. (NASDAQ:WDAY) by 21.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,280 shares of the software maker’s stock after buying an additional 401 shares during the period. Peapack Gladstone Financial Corp’s holdings in Workday were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Workday in the third quarter valued at approximately $26,000. SouthState Corp boosted its position 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 during the last quarter. Crewe Advisors LLC boosted its position in Workday by 56.6% in the second quarter. Crewe Advisors LLC now owns 155 shares of the software maker’s stock valued at $35,000 after buying an additional 56 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in Workday in the 2nd quarter worth approximately $35,000. Finally, Meeder Asset Management Inc. boosted its position in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on WDAY shares. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research report on Thursday, September 19th. BMO Capital Markets restated an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Monday, November 25th. KeyCorp upped their price objective on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $290.64.

Workday Stock Down 0.4 %

Shares of WDAY opened at $273.67 on Monday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a market capitalization of $72.80 billion, a PE ratio of 45.38, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. The stock has a fifty day simple moving average of $253.74 and a two-hundred day simple moving average of $239.10. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities analysts forecast that Workday, Inc. will post 2.58 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 57,000 shares of the 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 transaction, the insider now directly owns 505,000 shares in the company, valued at approximately $125,032,950. This represents a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the transaction, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 361,463 shares of company stock valued at $88,422,088 in the last three months. 20.00% of the stock is currently owned by insiders.

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.