Workday, Inc. $WDAY Shares Newly Bought by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,321 shares of the software maker’s stock, valued at approximately $632,000.

A number of other hedge funds have also recently made changes to their positions in WDAY. Robeco Schweiz AG bought a new stake in Workday during the 3rd quarter valued at $7,276,000. Signaturefd LLC raised its stake in shares of Workday by 23.8% during the 3rd quarter. Signaturefd LLC now owns 5,641 shares of the software maker’s stock worth $1,074,000 after acquiring an additional 1,084 shares in the last quarter. Evanson Financial LLC acquired a new stake in Workday in the third quarter worth about $253,000. Citizens Financial Group Inc. RI grew its holdings in shares of Workday by 1.6% during the third quarter. Citizens Financial Group Inc. RI now owns 4,770 shares of the software maker’s stock valued at $908,000 after buying an additional 75 shares during the last quarter. Finally, Gibbs Wealth Management increased its holdings in Workday by 12.8% in the 3rd quarter. Gibbs Wealth Management now owns 2,980 shares of the software maker’s stock worth $568,000 after buying an additional 338 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Transactions at Workday

In other news, major shareholder David Duffield sold 100,780 shares of Workday stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the sale, the insider owned 105,049 shares in the company, valued at approximately $19,501,296.36. The trade was a 48.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 988,104 shares of company stock valued at $188,811,574 in the last three months. Corporate insiders own 18.64% of the company’s stock.

Workday Price Performance

Workday stock opened at $209.99 on Monday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $247.10. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a market cap of $50.61 billion, a P/E ratio of 42.59, a price-to-earnings-growth ratio of 2.11 and a beta of 1.07. The company has a fifty day simple moving average of $193.30 and a 200-day simple moving average of $156.43.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the business earned $2.21 EPS. Workday’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts expect that Workday, Inc. will post 5.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WDAY shares. BNP Paribas Exane raised their target price on Workday from $160.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Freedom Broker downgraded Workday from a “buy” rating to a “hold” rating and raised their target price for the company from $180.00 to $200.00 in a research report on Friday, August 28th. TD Cowen lowered their price target on shares of Workday from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Friday, August 28th. KeyCorp lowered Workday from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 15th. Finally, Weiss Ratings upgraded Workday from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Twenty-two research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Workday has a consensus rating of “Hold” and a consensus price target of $202.10.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.