Bamco Inc. NY Lowers Position in Workday, Inc. (NASDAQ:WDAY)

Bamco Inc. NY trimmed its position in Workday, Inc. (NASDAQ:WDAY) by 21.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,578 shares of the software maker’s stock after selling 422 shares during the period. Bamco Inc. NY’s holdings in Workday were worth $386,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Workday by 9.5% in the 2nd quarter. GAMMA Investing LLC now owns 694 shares of the software maker’s stock worth $155,000 after acquiring an additional 60 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Workday by 167.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the software maker’s stock valued at $41,000 after purchasing an additional 114 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Workday by 37.9% during the second quarter. Park Avenue Securities LLC now owns 9,139 shares of the software maker’s stock valued at $2,043,000 after purchasing an additional 2,511 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Workday by 42.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 6,970 shares of the software maker’s stock worth $1,558,000 after buying an additional 2,080 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in shares of Workday by 28.0% in the 2nd quarter. NBC Securities Inc. now owns 7,636 shares of the software maker’s stock worth $1,707,000 after buying an additional 1,672 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Trading Up 2.2 %

NASDAQ:WDAY opened at $257.06 on Wednesday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The business has a fifty day moving average price of $249.10 and a 200-day moving average price of $237.25. The firm has a market capitalization of $68.12 billion, a price-to-earnings ratio of 42.63, a price-to-earnings-growth ratio of 4.66 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.21% and a net margin of 19.86%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. Sell-side analysts forecast that Workday, Inc. will post 2.57 EPS for the current year.

Insider Buying and Selling at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the sale, the director now directly owns 90,000 shares in the company, valued at $22,990,500. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 298,960 shares of company stock valued at $72,753,210 over the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WDAY shares. Stifel Nicolaus boosted their target price on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Friday, September 13th. Piper Sandler restated a “neutral” rating and set a $270.00 price objective (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Loop Capital dropped their target price on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $288.14.

About Workday

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.