Fulton Bank N.A. Has $871,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Fulton Bank N.A. reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 49.1% during the second quarter, HoldingsChannel reports. The firm owned 3,897 shares of the software maker’s stock after selling 3,756 shares during the quarter. Fulton Bank N.A.’s holdings in Workday were worth $871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in Workday in the 1st quarter valued at 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. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Workday by 167.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the software maker’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Friedenthal Financial bought a new stake in Workday during the 4th quarter worth $43,000. Finally, VisionPoint Advisory Group LLC grew its position in Workday by 27.6% during the 4th quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock worth $43,000 after acquiring an additional 34 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Stock Up 1.7 %

Shares of WDAY stock traded up $3.50 on Tuesday, reaching $211.25. 2,431,267 shares of the company were exchanged, compared to its average volume of 2,167,811. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a market cap of $55.98 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 5.42 and a beta of 1.35. The company has a 50-day moving average of $220.05 and a 200-day moving average of $254.28. 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 (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts anticipate that Workday, Inc. will post 2.12 earnings per share for the current year.

Insider Activity at Workday

In other news, insider Richard Harry Sauer sold 3,134 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $226.67, for a total transaction of $710,383.78. Following the completion of the sale, the insider now directly owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $226.67, for a total transaction of $710,383.78. Following the transaction, the insider now owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now owns 204,066 shares of the company’s stock, valued at approximately $43,759,913.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 524,672 shares of company stock valued at $115,938,834. 20.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WDAY shares. Bank of America cut their price target on Workday from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Robert W. Baird cut their target price on shares of Workday from $316.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. UBS Group reduced their target price on shares of Workday from $280.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Guggenheim reaffirmed a “sell” rating and set a $190.00 price target on shares of Workday in a research note on Tuesday, June 25th. Finally, Jefferies Financial Group reduced their price objective on shares of Workday from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $281.44.

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.