Samalin Investment Counsel LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

Samalin Investment Counsel LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,239 shares of the software maker's stock, valued at approximately $320,000.

A number of other institutional investors have also recently made changes to their positions in WDAY. First Horizon Advisors Inc. increased its holdings in Workday by 18.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 648 shares of the software maker's stock worth $158,000 after buying an additional 101 shares in the last quarter. Moors & Cabot Inc. bought a new stake in shares of Workday in the third quarter worth approximately $203,000. Charles Schwab Investment Management Inc. lifted its position in Workday by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 835,203 shares of the software maker's stock valued at $204,132,000 after purchasing an additional 24,195 shares during the period. Raymond James Trust N.A. boosted its holdings in Workday by 8.3% in the third quarter. Raymond James Trust N.A. now owns 5,399 shares of the software maker's stock worth $1,320,000 after purchasing an additional 412 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Workday by 7.1% in the 3rd quarter. Cerity Partners LLC now owns 78,595 shares of the software maker's stock worth $19,209,000 after purchasing an additional 5,189 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of several research analyst reports. BNP Paribas raised Workday to a "strong-buy" rating in a report on Friday, February 14th. UBS Group upped their price target on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Barclays lowered their price objective on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th. Guggenheim restated a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. Finally, KeyCorp increased their price target on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $300.36.

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Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 71,672 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $25,602,994.26. This trade represents a 41.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares of the company's stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,001 shares of company stock worth $105,735,200 over the last three months. 20.00% of the stock is owned by insiders.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $2.92 on Tuesday, reaching $252.83. The company's stock had a trading volume of 1,176,580 shares, compared to its average volume of 2,430,541. The company has a 50-day simple moving average of $256.83 and a 200 day simple moving average of $255.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $67.25 billion, a P/E ratio of 41.93, a PEG ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal 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.