Peapack Gladstone Financial Corp Sells 413 Shares of Workday, Inc. (NASDAQ:WDAY)

Peapack Gladstone Financial Corp lessened its holdings in Workday, Inc. (NASDAQ:WDAYFree Report) by 19.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,698 shares of the software maker’s stock after selling 413 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Workday were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. raised its stake in shares of Workday by 5.1% during the fourth quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after acquiring an additional 3,260 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Workday by 47.0% in the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares during the period. Assetmark Inc. grew its position in shares of Workday by 9.9% during the 4th quarter. Assetmark Inc. now owns 21,414 shares of the software maker’s stock worth $5,912,000 after buying an additional 1,933 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Workday by 5.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,511,764 shares of the software maker’s stock valued at $417,338,000 after buying an additional 75,903 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Workday by 17.3% in the fourth quarter. Corient Private Wealth LLC now owns 39,094 shares of the software maker’s stock valued at $10,792,000 after acquiring an additional 5,764 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. KeyCorp cut their target price on shares of Workday from $330.00 to $275.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Friday, May 24th. Piper Sandler dropped their target price on Workday from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Canaccord Genuity Group reduced their price target on Workday from $305.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price objective on shares of Workday in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $283.96.

Get Our Latest Stock Analysis on WDAY

Workday Stock Up 1.2 %

Shares of WDAY stock opened at $214.95 on Friday. Workday, Inc. has a fifty-two week low of $201.42 and a fifty-two week high of $311.28. The firm has a market capitalization of $56.75 billion, a PE ratio of 38.73, a P/E/G ratio of 6.44 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. The stock’s 50-day simple moving average is $248.75 and its 200-day simple moving average is $267.94.

Workday (NASDAQ:WDAYGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the company earned $0.16 EPS. Workday’s quarterly revenue was up 18.1% on a year-over-year basis. Equities analysts expect that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the sale, the insider now directly owns 1,011,000 shares of the company’s stock, valued at approximately $279,996,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $276.95, for a total value of $15,509,200.00. Following the completion of the transaction, the insider now directly owns 1,011,000 shares in the company, valued at approximately $279,996,450. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 82,762 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $21,658,209.16. The disclosure for this sale can be found here. Insiders sold 518,042 shares of company stock worth $134,777,415 over the last three months. Company insiders own 20.00% of the company’s stock.

Workday Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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