Amalgamated Bank Boosts Holdings in Workday, Inc. (NASDAQ:WDAY)

Amalgamated Bank increased its holdings in Workday, Inc. (NASDAQ:WDAYGet Rating) by 28.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,588 shares of the software maker’s stock after buying an additional 4,719 shares during the quarter. Amalgamated Bank’s holdings in Workday were worth $5,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in shares of Workday in the first quarter worth approximately $36,000. Vetamer Capital Management L.P. boosted its holdings in shares of Workday by 241.4% in the first quarter. Vetamer Capital Management L.P. now owns 33,852 shares of the software maker’s stock worth $8,106,000 after buying an additional 23,937 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Workday by 5.9% in the first quarter. Diversified Trust Co now owns 9,480 shares of the software maker’s stock worth $2,270,000 after buying an additional 530 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Workday by 10.6% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,125 shares of the software maker’s stock worth $581,000 after buying an additional 203 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Workday in the fourth quarter worth approximately $248,000. Hedge funds and other institutional investors own 68.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Cowen lowered their price target on shares of Workday from $310.00 to $250.00 in a report on Monday, May 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Workday from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 26th. BMO Capital Markets lowered their price target on shares of Workday from $239.00 to $217.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. Stifel Nicolaus lowered their price target on shares of Workday from $275.00 to $220.00 in a report on Friday, May 27th. Finally, Monness Crespi & Hardt began coverage on shares of Workday in a report on Wednesday, September 14th. They set a “buy” rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $242.97.

Workday Stock Up 1.8 %

Shares of WDAY opened at $155.00 on Tuesday. The firm has a market capitalization of $39.68 billion, a P/E ratio of -198.72 and a beta of 1.35. Workday, Inc. has a 12-month low of $134.10 and a 12-month high of $307.81. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $163.20 and a 200-day moving average price of $153.31.

Workday (NASDAQ:WDAYGet Rating) last released its quarterly earnings data on Thursday, August 25th. The software maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. During the same period last year, the firm earned $0.49 earnings per share. Equities research analysts expect that Workday, Inc. will post -0.61 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 102,500 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $156.24, for a total value of $16,014,600.00. Following the completion of the sale, the insider now directly owns 102,500 shares of the company’s stock, valued at $16,014,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Workday news, insider Douglas A. Robinson sold 2,127 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $138.49, for a total value of $294,568.23. Following the completion of the transaction, the insider now directly owns 134,894 shares in the company, valued at $18,681,470.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 102,500 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the completion of the transaction, the insider now owns 102,500 shares of the company’s stock, valued at $16,014,600. The disclosure for this sale can be found here. Insiders sold a total of 119,789 shares of company stock valued at $18,453,908 over the last three months. 21.74% of the stock is owned by company insiders.

Workday Company Profile

(Get Rating)

Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

See Also

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.