Workday, Inc. (NASDAQ:WDAY) Stock Holdings Lifted by Amalgamated Bank

Amalgamated Bank lifted its position in Workday, Inc. (NASDAQ:WDAY) by 214.0% in the 4th quarter, Holdings Channel reports. The fund owned 44,049 shares of the software maker’s stock after buying an additional 30,022 shares during the period. Amalgamated Bank’s holdings in Workday were worth $11,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Capital Management Inc. grew its holdings in shares of Workday by 1.9% during the fourth quarter. Exchange Capital Management Inc. now owns 3,902 shares of the software maker’s stock valued at $1,007,000 after buying an additional 74 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Workday by 28.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,465,917 shares of the software maker’s stock worth $378,250,000 after acquiring an additional 326,251 shares during the period. Sentry Investment Management LLC grew its stake in Workday by 70.2% during the 4th quarter. Sentry Investment Management LLC now owns 2,663 shares of the software maker’s stock valued at $687,000 after acquiring an additional 1,098 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Workday by 19.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 4,170 shares of the software maker’s stock valued at $1,076,000 after purchasing an additional 684 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of Workday by 54.4% in the fourth quarter. IFP Advisors Inc now owns 2,507 shares of the software maker’s stock worth $647,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research note on Thursday, February 6th. Scotiabank started coverage on shares of Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price target on the stock. Guggenheim raised Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. Bank of America dropped their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Oppenheimer reiterated an “outperform” rating and set a $300.00 price target on shares of Workday in a report on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $291.11.

Workday Stock Down 2.5 %

Shares of WDAY stock opened at $255.22 on Wednesday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $67.89 billion, a PE ratio of 42.33, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The stock has a 50 day moving average of $259.97 and a 200-day moving average of $254.12.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the completion of the transaction, the insider now owns 60,000 shares in the company, valued at approximately $14,785,200. This represents a 48.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 438,819 shares of company stock valued at $113,142,592. Insiders own 20.00% of the company’s stock.

Workday 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.