Sigma Planning Corp Makes New $1.36 Million Investment in Workday, Inc. $WDAY

Sigma Planning Corp acquired a new stake in Workday, Inc. (NASDAQ:WDAY) in the third quarter, Holdings Channel reports. The institutional investor acquired 7,122 shares of the software maker’s stock, valued at approximately $1,357,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Samalin Investment Counsel LLC acquired a new position in shares of Workday during the 3rd quarter worth about $632,000. Robeco Schweiz AG acquired a new stake in shares of Workday in the 3rd quarter valued at approximately $7,276,000. Signaturefd LLC raised its position in shares of Workday by 23.8% in the 3rd quarter. Signaturefd LLC now owns 5,641 shares of the software maker’s stock valued at $1,074,000 after acquiring an additional 1,084 shares during the period. Evanson Financial LLC acquired a new stake in shares of Workday in the 3rd quarter valued at approximately $253,000. Finally, Citizens Financial Group Inc. RI raised its position in shares of Workday by 1.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,770 shares of the software maker’s stock valued at $908,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $187.23, for a total value of $1,123,380.00. Following the transaction, the chief financial officer owned 269,642 shares of the company’s stock, valued at approximately $50,485,071.66. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Enslin sold 5,374 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $187.00, for a total transaction of $1,004,938.00. Following the completion of the transaction, the insider owned 226,233 shares of the company’s stock, valued at $42,305,571. This trade represents a 2.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 988,104 shares of company stock worth $188,811,574 in the last quarter. Company insiders own 18.64% of the company’s stock.

Workday Trading Down 0.5%

NASDAQ WDAY opened at $204.36 on Thursday. The firm has a market cap of $49.25 billion, a P/E ratio of 41.45, a P/E/G ratio of 2.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $194.12 and its 200-day moving average is $156.41. Workday, Inc. has a one year low of $110.36 and a one year high of $241.32.

Workday (NASDAQ:WDAY) last released its quarterly earnings data 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 business 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. Workday’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts anticipate that Workday, Inc. will post 5.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on WDAY shares. Royal Bank Of Canada boosted their price objective on shares of Workday from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $205.00 target price (down from $220.00) on shares of Workday in a report on Wednesday, September 30th. Capital One Financial cut their target price on shares of Workday from $203.00 to $202.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. JPMorgan Chase & Co. lifted their price target on shares of Workday from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Finally, Weiss Ratings raised shares of Workday from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. Twenty-two analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.