Workday, Inc. (NASDAQ:WDAY) Shares Sold by Park Place Capital Corp

Park Place Capital Corp lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 23.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 611 shares of the software maker’s stock after selling 189 shares during the period. Park Place Capital Corp’s holdings in Workday were worth $137,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WDAY. Crewe Advisors LLC purchased a new stake in Workday during the first quarter worth about $27,000. Sound Income Strategies LLC boosted its holdings in 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 buying an additional 49 shares in the last quarter. Friedenthal Financial purchased a new stake in Workday during the fourth quarter worth about $43,000. VisionPoint Advisory Group LLC boosted its holdings in Workday by 27.6% during the fourth quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock worth $43,000 after buying an additional 34 shares in the last quarter. Finally, Pacific Center for Financial Services boosted its holdings in 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 buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In related news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now owns 204,066 shares of the company’s stock, valued at approximately $43,759,913.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now owns 204,066 shares of the company’s stock, valued at approximately $43,759,913.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 82,762 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $21,658,209.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 524,672 shares of company stock valued at $115,938,834. Company insiders own 20.00% of the company’s stock.

Workday Stock Down 3.0 %

Shares of WDAY stock traded down $6.44 on Monday, hitting $208.42. The stock had a trading volume of 1,770,459 shares, compared to its average volume of 2,156,689. The firm has a market capitalization of $55.23 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 5.42 and a beta of 1.35. The stock’s 50 day moving average is $220.32 and its 200-day moving average is $254.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm posted $0.16 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. As a group, research analysts expect that Workday, Inc. will post 2.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WDAY shares. Needham & Company LLC restated a “buy” rating and set a $350.00 target price on shares of Workday in a research report on Friday, May 24th. Mizuho cut their target price on shares of Workday from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Piper Sandler cut their price objective on shares of Workday from $280.00 to $262.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. DA Davidson cut their price objective on shares of Workday from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Finally, KeyCorp cut their price objective on shares of Workday from $330.00 to $275.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. One research 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $281.44.

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.