Kampmann Melissa S. Has $1.01 Million Stake in Workday, Inc. $WDAY

Kampmann Melissa S. reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 35.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,745 shares of the software maker’s stock after selling 4,330 shares during the quarter. Kampmann Melissa S.’s holdings in Workday were worth $1,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WDAY. Vanguard Group Inc. raised its position in Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares during the last quarter. Auto Owners Insurance Co lifted its holdings in Workday by 25,412.8% during the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after buying an additional 10,190,516 shares in the last quarter. State Street Corp boosted its position in Workday by 1.0% in the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock valued at $2,098,552,000 after buying an additional 96,139 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Workday by 47.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after buying an additional 1,882,391 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Workday by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after buying an additional 75,922 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WDAY shares. Summit Redstone set a $275.00 target price on Workday in a research report on Wednesday, May 27th. Loop Capital set a $210.00 price target on Workday in a report on Thursday, March 12th. Piper Sandler lifted their price objective on Workday from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Citigroup reissued a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $216.00 target price on shares of Workday in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $184.00.

Insider Buying and Selling

In other news, insider Robert Enslin sold 5,373 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $129.41, for a total value of $695,319.93. Following the completion of the sale, the insider directly owned 165,414 shares of the company’s stock, valued at $21,406,225.74. This represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $115.60, for a total transaction of $12,427,000.00. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at $12,143,664.40. This represents a 50.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 774,814 shares of company stock valued at $98,324,391 over the last 90 days. 18.64% of the stock is owned by corporate insiders.

Workday Stock Down 0.5%

NASDAQ:WDAY opened at $123.58 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The stock’s fifty day simple moving average is $127.44 and its 200-day simple moving average is $151.94. The firm has a market capitalization of $30.52 billion, a P/E ratio of 38.62, a P/E/G ratio of 1.33 and a beta of 1.09.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post 5.34 earnings per share for the current year.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.