Vanguard Personalized Indexing Management LLC Has $3.37 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Vanguard Personalized Indexing Management LLC increased its position in Workday, Inc. (NASDAQ:WDAY) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,089 shares of the software maker’s stock after buying an additional 908 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Workday were worth $3,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in shares of Workday in the 1st quarter valued at about $27,000. Sound Income Strategies LLC boosted its holdings in Workday by 74.2% in the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. SouthState Corp increased its position 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 purchasing an additional 129 shares during the period. Asset Dedication LLC bought a new position in Workday during the 2nd quarter worth approximately $36,000. Finally, PSI Advisors LLC acquired a new position in shares of Workday in the 2nd quarter worth approximately $38,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WDAY. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Friday, September 13th. UBS Group decreased their price target on Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Piper Sandler reissued an “overweight” rating and issued a $285.00 price objective on shares of Workday in a research report on Wednesday. DA Davidson raised their target price on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, Bank of America lifted their target price on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $286.48.

Workday Stock Performance

Shares of Workday stock opened at $247.43 on Friday. The company has a market cap of $65.57 billion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 5.07 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The business has a 50 day moving average price of $237.12 and a 200-day moving average price of $242.47.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the business earned $0.40 EPS. The business’s revenue was up 16.5% on a year-over-year basis. Equities analysts anticipate that Workday, Inc. will post 2.39 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the sale, the director now directly owns 90,000 shares in the company, valued at $22,990,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at approximately $22,990,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 78,279 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $223.89, for a total value of $17,525,885.31. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $23,059,998.33. The disclosure for this sale can be found here. Insiders have sold 410,402 shares of company stock valued at $95,751,554 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

About Workday

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.