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

Amalgamated Bank lowered its position in Workday, Inc. (NASDAQ:WDAY) by 8.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,697 shares of the software maker’s stock after selling 2,023 shares during the period. Amalgamated Bank’s holdings in Workday were worth $5,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Beacon Capital Management LLC boosted its stake in Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after purchasing an additional 70 shares during the period. VisionPoint Advisory Group LLC grew its stake in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. Clear Street Markets LLC acquired a new position in shares of Workday in the third quarter valued at approximately $29,000. Exchange Traded Concepts LLC lifted its holdings in shares of Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after purchasing an additional 105 shares during the period. Finally, CVA Family Office LLC purchased a new position in Workday in the 4th quarter valued at $33,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on WDAY shares. Evercore ISI lifted their target price on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. UBS Group cut their price objective on Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Guggenheim reaffirmed a “sell” rating and set a $190.00 price target on shares of Workday in a research note on Tuesday, February 27th. Morgan Stanley reduced their price objective on shares of Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Finally, Citigroup lifted their price target on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Workday Price Performance

Workday stock opened at $255.78 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $67.53 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 6.39 and a beta of 1.33. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The firm has a 50 day moving average price of $268.07 and a 200 day moving average price of $265.53.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) EPS. Sell-side analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares of the company’s stock, valued at $223,302,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 over the last three months. 21.09% of the stock is owned by insiders.

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.