Atlantic Union Bankshares Corp Has $920,000 Position in Workday, Inc. (NASDAQ:WDAY)

Atlantic Union Bankshares Corp decreased its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 66.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,940 shares of the software maker's stock after selling 7,773 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Workday were worth $920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Montag A & Associates Inc. lifted its holdings in shares of Workday by 36.0% in the first quarter. Montag A & Associates Inc. now owns 4,935 shares of the software maker's stock worth $1,153,000 after acquiring an additional 1,307 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Workday by 14.2% in the first quarter. IFP Advisors Inc now owns 2,862 shares of the software maker's stock worth $669,000 after acquiring an additional 355 shares during the last quarter. Copperwynd Financial LLC raised its holdings in Workday by 5.4% in the 1st quarter. Copperwynd Financial LLC now owns 4,181 shares of the software maker's stock valued at $976,000 after buying an additional 213 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Workday by 66.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,350 shares of the software maker's stock valued at $549,000 after buying an additional 941 shares during the last quarter. Finally, Balentine LLC raised its holdings in Workday by 177.3% in the 1st quarter. Balentine LLC now owns 4,683 shares of the software maker's stock valued at $1,094,000 after buying an additional 2,994 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Transactions at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $248.41, for a total value of $1,863,075.00. Following the completion of the transaction, the director directly owned 67,500 shares of the company's stock, valued at approximately $16,767,675. The trade was a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 73,971 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total value of $17,653,918.86. Following the completion of the transaction, the insider directly owned 102,997 shares of the company's stock, valued at approximately $24,581,264.02. The trade was a 41.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 329,005 shares of company stock worth $79,203,523. Company insiders own 20.00% of the company's stock.

Workday Price Performance

Shares of WDAY stock opened at $233.06 on Monday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $62.23 billion, a P/E ratio of 128.76, a P/E/G ratio of 3.52 and a beta of 1.21. The stock has a 50 day moving average price of $245.83 and a 200 day moving average price of $247.13.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. Workday had a return on equity of 8.00% and a net margin of 5.60%. Workday's revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WDAY shares. Loop Capital dropped their price objective on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price target on shares of Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Westpark Capital raised their price objective on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of Workday from $360.00 to $325.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Oppenheimer reduced their price target on shares of Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $296.88.

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.

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