Angeles Wealth Management LLC Has $314,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Angeles Wealth Management LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 30.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,406 shares of the software maker’s stock after acquiring an additional 328 shares during the period. Angeles Wealth Management LLC’s holdings in Workday were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in Workday in the first quarter valued at about $27,000. Sound Income Strategies LLC grew its stake 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 period. SouthState Corp grew its stake in Workday by 614.3% in the second 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. Asset Dedication LLC acquired a new position in Workday in the second quarter valued at about $36,000. Finally, PSI Advisors LLC acquired a new position in Workday in the second quarter valued at about $38,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WDAY has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their target price on Workday from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Evercore ISI cut their price target on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. DA Davidson boosted their price target on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Piper Sandler boosted their price target on Workday from $262.00 to $285.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Morgan Stanley cut their price target on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. One research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $288.15.

Insider Activity

In related news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at $26,902,816.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the sale, the insider now owns 786,000 shares of the company’s stock, valued at $164,407,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 523,402 shares of company stock valued at $119,914,724. 20.00% of the stock is owned by insiders.

Workday Price Performance

Workday stock opened at $255.62 on Thursday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock’s 50 day moving average is $234.31 and its 200-day moving average is $244.09. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $67.74 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 5.47 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS 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 company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post 2.27 EPS for the current year.

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.