Angeles Wealth Management LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

Angeles Wealth Management LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 893 shares of the software maker’s stock, valued at approximately $247,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its position in shares of Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after buying an additional 70 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after buying an additional 105 shares during the period. CVA Family Office LLC acquired a new stake in shares of Workday during the 4th quarter worth approximately $33,000. VisionPoint Advisory Group LLC grew its position in shares of Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after buying an additional 84 shares during the period. Finally, Clear Street Markets LLC acquired a new stake in shares of Workday during the 3rd quarter worth approximately $29,000. Institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 82,762 shares of Workday stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $21,658,209.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder David A. Duffield sold 82,762 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total value of $17,403,193.36. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $21,658,209.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total value of $669,267.24. Following the completion of the sale, the insider now owns 204,066 shares in the company, valued at $43,759,913.04. The disclosure for this sale can be found here. Insiders have sold 518,042 shares of company stock worth $134,777,415 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WDAY. Stifel Nicolaus reduced their price objective on shares of Workday from $290.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Citigroup reduced their price objective on shares of Workday from $293.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Piper Sandler reduced their price target on shares of Workday from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Canaccord Genuity Group reduced their price target on shares of Workday from $305.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Finally, BMO Capital Markets reduced their price target on shares of Workday from $338.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. 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 company’s stock. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $283.96.

View Our Latest Stock Analysis on WDAY

Workday Trading Up 0.3 %

NASDAQ WDAY opened at $215.56 on Friday. The stock has a market capitalization of $56.91 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 6.51 and a beta of 1.33. Workday, Inc. has a one year low of $201.42 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The business’s fifty day moving average is $247.61 and its 200-day moving average is $267.79.

Workday (NASDAQ:WDAYGet Free Report) last released its earnings results on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Workday had a return on equity of 5.78% and a net margin of 19.66%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. Equities research analysts predict that Workday, Inc. will post 1.76 EPS for the current year.

Workday Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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