Pinkerton Retirement Specialists LLC Acquires 459 Shares of Workday, Inc. (NASDAQ:WDAY)

Pinkerton Retirement Specialists LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,082 shares of the software maker’s stock after acquiring an additional 459 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Workday were worth $2,030,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WDAY. Crewe Advisors LLC bought a new position in shares of Workday in the first quarter worth approximately $27,000. Sound Income Strategies LLC lifted its stake in shares of Workday by 74.2% in the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after buying an additional 49 shares in the last quarter. SouthState Corp lifted its stake in shares of Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after buying an additional 129 shares in the last quarter. Asset Dedication LLC bought a new position in shares of Workday in the second quarter worth approximately $36,000. Finally, PSI Advisors LLC bought a new position in shares of Workday in the second quarter worth approximately $38,000. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research analyst reports. Canaccord Genuity Group increased their price objective on shares of Workday from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Workday from $300.00 to $285.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Mizuho lowered their price objective on shares of Workday from $325.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Sanford C. Bernstein lowered their price objective on shares of Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Finally, Barclays upped their target price 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $288.15.

Workday Trading Down 1.7 %

NASDAQ:WDAY opened at $251.19 on Friday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $66.57 billion, a P/E ratio of 45.26, a P/E/G ratio of 5.49 and a beta of 1.35. The firm has a 50-day simple moving average of $234.83 and a 200-day simple moving average of $244.14.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Equities analysts anticipate that Workday, Inc. will post 2.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 78,279 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $223.89, for a total transaction of $17,525,885.31. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $23,059,998.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Workday news, major shareholder David A. Duffield sold 78,279 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $223.89, for a total transaction of $17,525,885.31. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $23,059,998.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the sale, the insider now directly owns 730,000 shares in the company, valued at approximately $159,563,400. The disclosure for this sale can be found here. Insiders sold a total of 466,402 shares of company stock worth $107,992,034 in the last 90 days. 20.00% of the stock is owned by corporate insiders.

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.