Montag A & Associates Inc. Buys 1,307 Shares of Workday, Inc. (NASDAQ:WDAY)

Montag A & Associates Inc. raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 36.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,935 shares of the software maker's stock after purchasing an additional 1,307 shares during the quarter. Montag A & Associates Inc.'s holdings in Workday were worth $1,153,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA increased its stake in Workday by 15.2% in the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after acquiring an additional 42 shares during the last quarter. CreativeOne Wealth LLC increased its stake in Workday by 1.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after acquiring an additional 43 shares during the last quarter. Salvus Wealth Management LLC increased its stake in Workday by 2.8% in the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after acquiring an additional 45 shares during the last quarter. Ashton Thomas Securities LLC increased its stake in Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after acquiring an additional 46 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock worth $82,000 after acquiring an additional 46 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the sale, the chief accounting officer owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the sale, the chief financial officer directly owned 178,418 shares in the company, valued at approximately $42,747,168.62. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 329,005 shares of company stock valued at $79,203,523. 20.00% of the stock is currently owned by insiders.

Workday Trading Up 0.3%

Shares of WDAY stock traded up $0.65 during trading hours on Monday, reaching $233.71. The company had a trading volume of 2,174,440 shares, compared to its average volume of 2,483,970. The company has a 50 day moving average of $245.83 and a 200 day moving average of $247.13. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The firm has a market cap of $62.40 billion, a price-to-earnings ratio of 89.99, a P/E/G ratio of 3.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a return on equity of 8.00% and a net margin of 5.60%. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter last year, the company earned $1.74 EPS. Workday's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a report on Friday, May 23rd. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Workday in a research note on Wednesday, May 21st. Loop Capital decreased their price objective on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Oppenheimer decreased their price objective on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $296.88.

Workday Company Profile

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.