Selz Capital LLC Acquires Shares of 46,699 Workday Inc (NASDAQ:WDAY)

Selz Capital LLC acquired a new stake in Workday Inc (NASDAQ:WDAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 46,699 shares of the software maker’s stock, valued at approximately $7,679,000. Workday makes up approximately 1.3% of Selz Capital LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Workday by 7.7% in the second quarter. Vanguard Group Inc. now owns 9,609,541 shares of the software maker’s stock valued at $1,975,530,000 after acquiring an additional 683,181 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Workday by 55.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 889,005 shares of the software maker’s stock valued at $151,095,000 after acquiring an additional 315,764 shares during the period. Whale Rock Capital Management LLC lifted its holdings in Workday by 52.6% in the second quarter. Whale Rock Capital Management LLC now owns 572,963 shares of the software maker’s stock valued at $117,790,000 after acquiring an additional 197,394 shares during the period. Nuveen Asset Management LLC lifted its holdings in Workday by 19,929.2% in the second quarter. Nuveen Asset Management LLC now owns 547,999 shares of the software maker’s stock valued at $112,658,000 after acquiring an additional 545,263 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Workday by 39.1% in the third quarter. California Public Employees Retirement System now owns 347,500 shares of the software maker’s stock valued at $59,061,000 after buying an additional 97,748 shares in the last quarter. Institutional investors own 66.51% of the company’s stock.

Shares of NASDAQ WDAY traded down $0.06 during midday trading on Thursday, reaching $178.56. 30,574 shares of the company traded hands, compared to its average volume of 1,554,614. The company has a market cap of $41.40 billion, a price-to-earnings ratio of -146.47 and a beta of 1.49. The stock has a 50-day moving average price of $168.95 and a 200 day moving average price of $179.82. Workday Inc has a 52 week low of $151.06 and a 52 week high of $226.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.19 and a quick ratio of 1.19.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, December 3rd. The software maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.16. The firm had revenue of $938.10 million for the quarter, compared to analysts’ expectations of $920.65 million. Workday had a negative net margin of 13.29% and a negative return on equity of 11.63%. Workday’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. As a group, analysts expect that Workday Inc will post -1.12 EPS for the current year.

WDAY has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Workday from $210.00 to $180.00 in a report on Wednesday, October 16th. Evercore ISI raised shares of Workday from an “in-line” rating to an “outperform” rating in a research report on Tuesday, October 22nd. Bank of America reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Workday in a research report on Wednesday, November 27th. BMO Capital Markets dropped their price objective on shares of Workday from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Finally, Northland Securities reissued a “hold” rating and set a $200.00 target price on shares of Workday in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $208.67.

In other news, Director David A. Duffield sold 291,102 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $171.79, for a total value of $50,008,412.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $161.29, for a total value of $48,387,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 774,901 shares of company stock valued at $127,914,768. Company insiders own 29.80% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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