Ashton Thomas Private Wealth LLC Invests $65,000 in Workday, Inc. (NASDAQ:WDAY)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 292 shares of the software maker’s stock, valued at approximately $65,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC lifted its holdings in shares of Workday by 65.8% in the 2nd quarter. Oak Thistle LLC now owns 1,466 shares of the software maker’s stock valued at $328,000 after buying an additional 582 shares during the period. Caprock Group LLC lifted its holdings in Workday by 39.0% in the second quarter. Caprock Group LLC now owns 2,660 shares of the software maker’s stock valued at $595,000 after acquiring an additional 746 shares during the period. Custom Index Systems LLC boosted its position in shares of Workday by 39.0% during the 2nd quarter. Custom Index Systems LLC now owns 1,853 shares of the software maker’s stock worth $414,000 after purchasing an additional 520 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Workday by 373.9% during the 2nd quarter. Acadian Asset Management LLC now owns 27,538 shares of the software maker’s stock worth $6,152,000 after purchasing an additional 21,727 shares during the period. Finally, Asset Dedication LLC purchased a new position in shares of Workday in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $226.67, for a total value of $710,383.78. Following the transaction, the insider now directly owns 92,014 shares in the company, valued at approximately $20,856,813.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the completion of the sale, the insider now owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the transaction, the director now owns 90,000 shares in the company, valued at approximately $22,990,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 466,402 shares of company stock valued at $107,992,034. Company insiders own 20.00% of the company’s stock.

Workday Price Performance

Workday stock opened at $250.05 on Friday. Workday, Inc. has a 1 year low of $199.81 and a 1 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 50 day moving average price of $235.24 and a 200 day moving average price of $243.38. The company has a market cap of $66.26 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 5.40 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. Sell-side analysts predict that Workday, Inc. will post 2.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on WDAY shares. Royal Bank of Canada decreased their price target on Workday from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. The Goldman Sachs Group lowered their target price on Workday from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Barclays lifted their price target on Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. UBS Group decreased their price objective on shares of Workday from $280.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Finally, Robert W. Baird dropped their target price on shares of Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $288.15.

Workday 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.