Carolinas Wealth Consulting LLC Grows Stock Position in Workday, Inc. (NASDAQ:WDAY)

Carolinas Wealth Consulting LLC boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 54.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332 shares of the software maker’s stock after purchasing an additional 117 shares during the quarter. Carolinas Wealth Consulting LLC’s holdings in Workday were worth $74,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WDAY. Crewe Advisors LLC purchased a new stake in shares of Workday during the first quarter worth approximately $27,000. Sound Income Strategies LLC raised its holdings in shares of Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. SouthState Corp lifted its position in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares during the last quarter. Pacific Center for Financial Services grew its stake in shares of Workday by 57.0% during the first quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock worth $43,000 after purchasing an additional 57 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in Workday in the second quarter valued at $36,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Wells Fargo & Company boosted their target price on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. DA Davidson boosted their price objective on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, UBS Group dropped their target price 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. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.48.

Workday Stock Down 0.4 %

Shares of Workday stock opened at $247.43 on Friday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a market cap of $65.57 billion, a P/E ratio of 44.58, a PEG ratio of 5.07 and a beta of 1.35. 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 fifty day moving average of $237.12 and a two-hundred day moving average of $242.47.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. On average, analysts forecast that Workday, Inc. will post 2.39 earnings per share for the current year.

Insider Buying and Selling

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the sale, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the transaction, the director now directly owns 97,500 shares of the company’s stock, valued at $25,381,200. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $223.80, for a total value of $12,532,800.00. Following the sale, the insider now directly owns 674,000 shares in the company, valued at approximately $150,841,200. 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 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.