Amalgamated Bank Buys 1,097 Shares of Workday, Inc. (NASDAQ:WDAY)

Amalgamated Bank lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,146 shares of the software maker's stock after buying an additional 1,097 shares during the period. Amalgamated Bank's holdings in Workday were worth $10,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Workday by 28.9% in the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after buying an additional 4,517,272 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of Workday during the 4th quarter worth about $658,735,000. Norges Bank acquired a new stake in shares of Workday in the 4th quarter worth approximately $645,710,000. Parnassus Investments LLC lifted its stake in shares of Workday by 562.2% in the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after acquiring an additional 2,078,097 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after acquiring an additional 1,772,223 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.41, for a total value of $1,863,075.00. Following the transaction, the director owned 67,500 shares in the company, valued at $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer owned 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,608 shares of company stock valued at $58,916,144 in the last three months. 19.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Scotiabank dropped their target price on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. JMP Securities reissued a "market outperform" rating and issued a $315.00 price objective on shares of Workday in a research note on Friday, May 23rd. Morgan Stanley set a $255.00 price objective on Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. Stifel Nicolaus decreased their target price on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 target price on shares of Workday in a report on Wednesday, May 21st. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $297.68.

Workday Stock Up 1.8%

Shares of NASDAQ WDAY traded up $4.29 during mid-day trading on Thursday, reaching $242.03. The company had a trading volume of 1,301,462 shares, compared to its average volume of 2,456,670. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $64.62 billion, a price-to-earnings ratio of 133.72, a PEG ratio of 3.61 and a beta of 1.21. The stock has a fifty day moving average of $249.12 and a two-hundred day moving average of $250.17. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.22. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 EPS. As a group, equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

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.