Perigon Wealth Management LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 99.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,563 shares of the software maker’s stock after acquiring an additional 779 shares during the quarter. Perigon Wealth Management LLC’s holdings in Workday were worth $388,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Street Partners LLC raised its position in Workday by 1.2% during the first quarter. Principal Street Partners LLC now owns 4,003 shares of the software maker’s stock worth $994,000 after acquiring an additional 46 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in Workday by 47.5% in the 1st quarter. Jacobi Capital Management LLC now owns 149 shares of the software maker’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. Capital Analysts LLC lifted its stake in Workday by 15.6% in the 1st quarter. Capital Analysts LLC now owns 356 shares of the software maker’s stock valued at $88,000 after buying an additional 48 shares in the last quarter. Huntington National Bank increased its position in Workday by 4.9% during the first quarter. Huntington National Bank now owns 1,041 shares of the software maker’s stock worth $259,000 after buying an additional 49 shares in the last quarter. Finally, Institutional & Family Asset Management LLC raised its holdings in shares of Workday by 89.1% in the first quarter. Institutional & Family Asset Management LLC now owns 104 shares of the software maker’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 68.22% of the company’s stock.
In other Workday news, insider Richard Harry Sauer sold 2,483 shares of the firm’s stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $230.72, for a total value of $572,877.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James Bozzini sold 5,468 shares of Workday stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $228.37, for a total transaction of $1,248,727.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,039 shares of company stock worth $31,158,013. 26.51% of the stock is currently owned by company insiders.
Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, May 25th. The software maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. Workday had a negative net margin of 3.81% and a negative return on equity of 0.14%. As a group, analysts predict that Workday, Inc. will post -0.54 EPS for the current year.
A number of research firms recently commented on WDAY. JMP Securities lifted their price objective on Workday from $296.00 to $310.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 27th. Wolfe Research started coverage on shares of Workday in a research report on Thursday, April 22nd. They issued an “outperform” rating and a $300.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $273.65.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human resources. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.
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