Woodmont Investment Counsel LLC Acquires 127 Shares of Workday, Inc. (NASDAQ:WDAY)

Woodmont Investment Counsel LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,306 shares of the software maker’s stock after acquiring an additional 127 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Workday were worth $2,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in Workday by 22.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,324 shares of the software maker’s stock worth $6,907,000 after buying an additional 4,621 shares in the last quarter. Csenge Advisory Group boosted its holdings in shares of Workday by 30.1% in the 1st quarter. Csenge Advisory Group now owns 1,075 shares of the software maker’s stock worth $293,000 after purchasing an additional 249 shares in the last quarter. Duality Advisers LP increased its position in shares of Workday by 117.8% during the 1st quarter. Duality Advisers LP now owns 6,372 shares of the software maker’s stock valued at $1,738,000 after purchasing an additional 3,446 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Workday by 36.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,493 shares of the software maker’s stock worth $4,226,000 after buying an additional 4,115 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Workday in the first quarter worth approximately $3,282,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

WDAY opened at $251.80 on Thursday. The company has a market capitalization of $66.73 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 4.79 and a beta of 1.35. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The business’s fifty day simple moving average is $245.97 and its 200-day simple moving average is $235.90.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. On average, equities research analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder David A. Duffield sold 57,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the sale, the insider now owns 505,000 shares in the company, valued at $125,032,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock valued at $91,506,897 in the last quarter. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WDAY shares. The Goldman Sachs Group boosted their price objective on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Bank of America upped their price target on shares of Workday from $265.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Stifel Nicolaus lifted their price objective on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, Evercore ISI decreased their price target on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average price target of $287.04.

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.