Samalin Investment Counsel LLC Makes New Investment in Workday, Inc. $WDAY

Samalin Investment Counsel LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 3,321 shares of the software maker’s stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pictet Asset Management Holding SA grew its holdings in shares of Workday by 8.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,803,568 shares of the software maker’s stock worth $364,217,000 after acquiring an additional 223,493 shares during the period. Tidal Investments LLC increased its position in Workday by 43.6% during the second quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker’s stock worth $176,218,000 after purchasing an additional 437,175 shares during the last quarter. First Trust Advisors LP increased its stake in Workday by 9.6% during the first quarter. First Trust Advisors LP now owns 1,416,176 shares of the software maker’s stock worth $183,990,000 after acquiring an additional 124,524 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Workday by 60.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker’s stock valued at $159,418,000 after acquiring an additional 462,002 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its holdings in Workday by 9.5% in the 1st quarter. Temasek Holdings Private Ltd now owns 889,318 shares of the software maker’s stock worth $115,540,000 after acquiring an additional 77,330 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In other Workday news, major shareholder David Duffield sold 100,780 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $185.64, for a total value of $18,708,799.20. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $19,501,296.36. This represents a 48.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 988,104 shares of company stock valued at $188,811,574 in the last quarter. Insiders own 18.64% of the company’s stock.

Workday Price Performance

WDAY 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 firm has a market capitalization of $50.61 billion, a P/E ratio of 42.59, a PEG ratio of 2.11 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $193.30 and a 200-day moving average of $156.43.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business posted $2.21 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts forecast that Workday, Inc. will post 5.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WDAY shares. William Blair reaffirmed an “outperform” rating on shares of Workday in a report on Friday, August 28th. Oppenheimer reiterated an “outperform” rating and issued a $220.00 target price (up from $165.00) on shares of Workday in a research note on Wednesday, October 14th. Monness Crespi & Hardt raised their target price on Workday from $202.00 to $218.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Canaccord Genuity Group upped their price target on shares of Workday from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 target price (up from $182.00) on shares of Workday in a research note on Thursday, October 15th. Twenty-two investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $202.10.

Workday 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.