Peapack Gladstone Financial Corp Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Peapack Gladstone Financial Corp boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 21.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,280 shares of the software maker’s stock after acquiring an additional 401 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Workday were worth $557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Workday during the 3rd quarter valued at about $26,000. SouthState Corp boosted 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 acquiring an additional 129 shares during the period. Crewe Advisors LLC boosted its holdings in Workday by 56.6% during the 2nd quarter. Crewe Advisors LLC now owns 155 shares of the software maker’s stock valued at $35,000 after acquiring an additional 56 shares during the period. Goodman Advisory Group LLC purchased a new position in Workday during the 2nd quarter valued at about $35,000. Finally, Meeder Asset Management Inc. boosted its holdings in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Trading Down 0.4 %

WDAY opened at $273.67 on Monday. The business’s 50 day moving average is $253.74 and its two-hundred day moving average is $239.10. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The firm has a market cap of $72.80 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the business posted $0.47 EPS. The company’s revenue was up 15.8% on a year-over-year basis. On average, research analysts predict that Workday, Inc. will post 2.58 EPS for the current year.

Insider Buying and Selling at Workday

In related news, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the sale, the insider now directly owns 85,795 shares in the company, valued at $20,228,745.10. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. This trade represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 361,463 shares of company stock worth $88,422,088. 20.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of research analyst reports. Evercore ISI lowered their target price on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Bank of America decreased their price objective on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research note on Monday, November 25th. Barclays decreased their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $290.64.

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.