Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Amalgamated Bank

Amalgamated Bank increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,306 shares of the software maker’s stock after purchasing an additional 455 shares during the quarter. Amalgamated Bank’s holdings in Workday were worth $3,198,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC lifted its stake in shares of Workday by 9.7% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock worth $106,000 after buying an additional 34 shares in the last quarter. Congress Wealth Management LLC DE boosted its holdings in shares of Workday by 2.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 1,658 shares of the software maker’s stock worth $458,000 after purchasing an additional 39 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Workday by 4.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 869 shares of the software maker’s stock worth $240,000 after purchasing an additional 39 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Workday by 3.5% in the fourth quarter. D.A. Davidson & CO. now owns 1,241 shares of the software maker’s stock valued at $343,000 after purchasing an additional 42 shares during the last quarter. Finally, Equitable Trust Co. lifted its position in Workday by 5.1% during the first quarter. Equitable Trust Co. now owns 883 shares of the software maker’s stock worth $241,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In related news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $260.29, for a total transaction of $812,365.09. Following the completion of the transaction, the insider now owns 196,344 shares in the company, valued at $51,106,379.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.29, for a total value of $812,365.09. Following the transaction, the insider now owns 196,344 shares in the company, valued at approximately $51,106,379.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the sale, the insider now directly owns 505,000 shares in the company, valued at approximately $125,032,950. The disclosure for this sale can be found here. In the last three months, insiders have sold 467,402 shares of company stock valued at $109,864,184. Insiders own 20.00% of the company’s stock.

Workday Trading Down 1.3 %

NASDAQ:WDAY opened at $245.03 on Tuesday. The stock has a fifty day moving average price of $237.73 and a 200 day moving average price of $241.81. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a market cap of $64.93 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 5.07 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Sell-side analysts anticipate that Workday, Inc. will post 2.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on WDAY shares. DA Davidson upped their target price on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Guggenheim restated a “sell” rating and set a $190.00 price objective on shares of Workday in a research report on Tuesday, June 25th. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, September 19th. Needham & Company LLC cut their price target on shares of Workday from $350.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 price objective on shares of Workday in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $286.48.

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.