Park Place Capital Corp Sells 90 Shares of Workday, Inc. (NASDAQ:WDAY)

Park Place Capital Corp lowered its stake in Workday, Inc. (NASDAQ:WDAY) by 14.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 521 shares of the software maker’s stock after selling 90 shares during the quarter. Park Place Capital Corp’s holdings in Workday were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WDAY. Crewe Advisors LLC purchased a new stake in shares of Workday during the first quarter worth about $27,000. Sound Income Strategies LLC grew its holdings in Workday by 74.2% during the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. SouthState Corp grew its holdings in Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after buying an additional 129 shares in the last quarter. Pacific Center for Financial Services grew its holdings in Workday by 57.0% during the 1st quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock valued at $43,000 after buying an additional 57 shares in the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in Workday during the 2nd quarter valued at approximately $35,000. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on WDAY shares. Loop Capital raised their price target on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Guggenheim reiterated a “sell” rating and issued a $190.00 target price on shares of Workday in a report on Tuesday, June 25th. DA Davidson lifted their target price on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company lifted their target price on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. One investment 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. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $287.04.

Workday Trading Up 1.7 %

WDAY opened at $239.47 on Wednesday. The firm has a market cap of $63.46 billion, a price-to-earnings ratio of 43.15, a PEG ratio of 4.81 and a beta of 1.35. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock has a fifty day moving average price of $240.47 and a 200-day moving average price of $239.76.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, equities research analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the transaction, the insider now directly owns 562,000 shares in the company, valued at $128,877,840. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the sale, the director now owns 97,500 shares in the company, valued at approximately $25,381,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 dated Friday, July 12th. The shares were sold at an average price of $229.32, for a total value of $12,841,920.00. Following the sale, the insider now owns 562,000 shares in the company, valued at approximately $128,877,840. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 309,613 shares of company stock worth $76,348,820 in the last ninety days. 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.