Atlantic Union Bankshares Corp Has $1.34 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Atlantic Union Bankshares Corp grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 21.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,903 shares of the software maker’s stock after purchasing an additional 879 shares during the period. Atlantic Union Bankshares Corp’s holdings in Workday were worth $1,337,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WDAY. Wealth Enhancement Advisory Services LLC lifted its position in Workday by 14.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,444 shares of the software maker’s stock worth $1,212,000 after buying an additional 569 shares in the last quarter. Procyon Advisors LLC increased its stake in shares of Workday by 2.8% in the first quarter. Procyon Advisors LLC now owns 7,284 shares of the software maker’s stock worth $1,987,000 after acquiring an additional 196 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Workday by 74.2% during the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after acquiring an additional 49 shares in the last quarter. Riverview Trust Co acquired a new stake in Workday during the first quarter valued at $79,000. Finally, FCF Advisors LLC grew its stake in Workday by 15.3% in the first quarter. FCF Advisors LLC now owns 4,425 shares of the software maker’s stock valued at $1,207,000 after purchasing an additional 588 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WDAY. Sanford C. Bernstein cut 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. Royal Bank of Canada reduced their price objective on shares of Workday from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. 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 research report on Friday, May 24th. Loop Capital reduced their price target on Workday from $280.00 to $240.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Finally, Stifel Nicolaus lowered their price objective on Workday from $290.00 to $250.00 and set a “hold” rating on the stock in a report on Friday, May 24th. One equities 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $282.11.

Workday Stock Performance

WDAY opened at $223.56 on Friday. The stock’s 50 day simple moving average is $232.50 and its 200-day simple moving average is $263.40. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $59.24 billion, a PE ratio of 40.28, a P/E/G ratio of 5.64 and a beta of 1.33. Workday, Inc. has a 1 year low of $202.01 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly 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. Workday had a net margin of 19.66% and a return on equity of 5.78%. 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 company earned $0.16 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. Sell-side analysts forecast that Workday, Inc. will post 2.12 EPS for the current year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the transaction, the insider now directly owns 204,066 shares in the company, valued at $43,759,913.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the completion of the sale, the insider now directly owns 730,000 shares of the company’s stock, valued at approximately $159,563,400. The disclosure for this sale can be found here. In the last quarter, insiders have sold 448,713 shares of company stock valued at $109,278,793. 20.00% of the stock is 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.