Angeles Wealth Management LLC Acquires 185 Shares of Workday, Inc. (NASDAQ:WDAY)

Angeles Wealth Management LLC increased its stake in Workday, Inc. (NASDAQ:WDAY) by 20.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,078 shares of the software maker’s stock after purchasing an additional 185 shares during the quarter. Angeles Wealth Management LLC’s holdings in Workday were worth $294,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WDAY. Vanguard Group Inc. increased its stake in shares of Workday by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock worth $3,988,549,000 after purchasing an additional 437,215 shares in the last quarter. Norges Bank bought a new stake in Workday during the fourth quarter valued at about $1,491,149,000. Sustainable Growth Advisers LP raised its holdings in Workday by 9.7% during the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock valued at $927,998,000 after acquiring an additional 301,463 shares during the period. Clearbridge Investments LLC lifted its position in shares of Workday by 5.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,260,982 shares of the software maker’s stock valued at $624,167,000 after acquiring an additional 114,660 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Workday by 5.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,511,764 shares of the software maker’s stock worth $417,338,000 after acquiring an additional 75,903 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 0.5 %

Workday stock traded down $1.08 during midday trading on Thursday, reaching $230.55. The stock had a trading volume of 1,208,654 shares, compared to its average volume of 2,188,264. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37. The firm has a market cap of $61.10 billion, a price-to-earnings ratio of 41.74, a price-to-earnings-growth ratio of 5.94 and a beta of 1.35. Workday, Inc. has a 52-week low of $202.01 and a 52-week high of $311.28. The company has a fifty day moving average of $226.41 and a 200 day moving average of $259.14.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts anticipate that Workday, Inc. will post 2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WDAY shares. Piper Sandler lowered their price target on Workday from $280.00 to $262.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. BMO Capital Markets lowered their target price on shares of Workday from $338.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Citigroup dropped their target price 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. Jefferies Financial Group reduced their price target on shares of Workday from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Finally, DA Davidson dropped their price objective on shares of Workday from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $281.44.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the completion of the sale, the insider now directly owns 562,000 shares of the company’s stock, valued at $128,877,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the completion of the sale, the insider now owns 562,000 shares of the company’s stock, valued at $128,877,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 82,762 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $21,658,209.16. The disclosure for this sale can be found here. Insiders have sold a total of 524,672 shares of company stock worth $115,938,834 over the last quarter. Company insiders own 20.00% of the company’s stock.

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.